Vladimir Putin said trade between Russia and China has surpassed $200 billion, underscoring the deepening economic partnership between the two nations amid shifting global trade dynamics.
In a video address released ahead of his official visit to China, Putin highlighted the continued growth in bilateral trade and noted that most transactions between the two countries are now being conducted in rubles and yuan rather than Western currencies.
The Russian president said the increasing use of national currencies in cross-border trade reflects growing financial cooperation and both countries’ efforts to reduce dependence on the US dollar in international settlements.
Putin also expressed confidence that Moscow and Beijing would continue strengthening their strategic partnership and neighborly relations in ways that support economic development, regional cooperation, and global stability.
The growing economic ties between Russia and China have accelerated significantly in recent years, particularly following Western sanctions imposed on Moscow after the Ukraine conflict.
China has become one of Russia’s largest trading partners, with cooperation expanding across energy, infrastructure, technology, manufacturing, and financial sectors.
Analysts say the rising trade volume also reflects broader geopolitical realignment as both countries seek to strengthen economic resilience and deepen collaboration outside Western-led financial systems.
Energy exports remain a major driver of bilateral trade, with Russia continuing to increase oil and gas supplies to China amid changing global supply chains and sanctions-related market shifts.
Putin’s visit to China is expected to focus on trade expansion, energy cooperation, investment partnerships, and geopolitical coordination between the two countries.
