Despite their ‘no limits’ friendship, Russia is paying a nearly 90% markup on sanctioned goods from China — compared to 9% from other countries

FortuneSaturday, November 29, 2025 at 11:44:47 PM
Despite their ‘no limits’ friendship, Russia is paying a nearly 90% markup on sanctioned goods from China — compared to 9% from other countries
  • Despite a declared 'no limits' friendship, Russia is facing a nearly 90% markup on sanctioned goods imported from China, in stark contrast to a 9% markup from other countries. This situation arises as the value of Chinese ball-bearing exports to Russia surged by 76% from 2021 to 2024, even as the quantity of these exports decreased by 13%.
  • The increased costs for sanctioned goods from China highlight the economic strain on Russia, which is already grappling with the impact of international sanctions on its economy and military capabilities. This financial burden complicates Russia's ability to sustain its war efforts and maintain economic stability.
  • The rising prices for goods from China reflect a broader trend of escalating costs due to sanctions, which have forced Russia to rely on fewer suppliers willing to engage in trade. This dynamic not only affects Russia's military supply chain but also underscores the ongoing geopolitical tensions that are reshaping global trade patterns and economic relationships.
— via World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended apps based on your readingExplore all apps
Continue Readings
Chinese Stocks Withstand Vanke Woes as Tech Becomes Key Driver
PositiveFinancial Markets
Chinese stocks have demonstrated resilience despite the financial troubles faced by Vanke, once the largest property developer in the country, indicating a shift in market dynamics where technology has emerged as the primary driver of stock performance.
China Earnings Miss Casts Doubt on Xi’s Bid to End Deflation
NegativeFinancial Markets
China's third-quarter earnings have fallen short of expectations, raising concerns about President Xi Jinping's efforts to combat deflation and stabilize the economy. Despite initiatives aimed at curbing price wars, the results have not provided the necessary boost to investor confidence, leading to a continued decline in Chinese stock prices for a second consecutive month.
Russia Gears Up for Debut Yuan Bond in Boost to China’s Ambition
PositiveFinancial Markets
Russia is preparing for its inaugural sale of yuan-denominated sovereign bonds, marking a significant step in bolstering China's ambitions to elevate the global status of its currency. This move is expected to enhance financial ties between Russia and China, reflecting a growing reliance on the yuan in international trade.
The housing crisis is also a crisis of hopelessness as young Americans give up, hustle less, spend more and make risky investments as a last resort
NegativeFinancial Markets
The housing crisis in the U.S. has escalated into a crisis of hopelessness, particularly affecting young Americans who are increasingly giving up on traditional homeownership. Many are resorting to risky investments as a last resort to secure financial stability, reflecting a broader trend of desperation in the face of soaring housing costs.
Even college graduates no longer think a degree is worth the cost as the once-safe path to the American dream is now seen as a risky venture
NegativeFinancial Markets
A recent survey reveals a significant decline in the perception of the value of a college degree among Americans, with only 46% believing it is worth the cost, down from 63% in 2013. This shift reflects growing skepticism about the traditional pathway to the American dream, as graduates reassess the financial burdens associated with higher education.
‘Zootopia 2’ Goes Wild at the Worldwide Box Office
PositiveFinancial Markets
‘Zootopia 2’ has made a significant impact at the box office, earning $156 million in North America during its first five days and achieving a global opening total of $556 million, bolstered by strong performance in China.
Why the world’s top coffee producer is switching up its beans
NegativeFinancial Markets
Brazil, the world's largest producer of arabica coffee, is facing challenges due to climate change, prompting a shift in its bean production strategies. The country has traditionally relied on arabica, known for its mild flavor, but changing weather patterns are threatening yields.
’Slow’ EU to unveil plan for cutting raw materials’ reliance on China
NeutralFinancial Markets
The European Union (EU) is preparing to announce a plan aimed at reducing its dependency on raw materials sourced from China, reflecting increasing concerns over reliance on Chinese imports. This initiative is expected to address the bloc's vulnerabilities in supply chains amid rising geopolitical tensions.