China-Russia trade cooperation reaches new heights

Significance China has become the primary supplier of Common High Priority (CHP) items critical for sustaining Russia’s military capabilities. Although these exports declined in 2024, their elevated levels mean Chinese firms face increasing scrutiny over their ties with Russia, including from key trade partners such as the EU and the United States. Impacts Frequent Chinese trade surpluses with Russia suggest potential changes in the trade dynamic. Russia’s imports from China now represent a record-high market share, highlighting its growing reliance. China’s role as the primary CHP supplier to Russia increases the risk of further secondary sanctions.