Analysis: The threat to Russian trade as border with China shuts down
In today’s Trade Secrets newsletter, Henry Foy reports on the challenges facing Russia from the coronavirus outbreak.
Russia’s decision to close its land border with China last week comes at a time when trade between the two nations is booming.
Trade between Russia and China, which rose 25 per cent in 2018 to pass $100bn, has three major pillars.
First, oil and gas, pumped south through huge pipelines or shipped on tankers, accounts for about 70 per cent of Russian exports to China.