8legs: Bank of finland

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

A Bank of Finland study finds Russia paid 87% more for sanctioned Chinese exports from 2021 to 2024, versus a 9% rise for goods from other countries.
Ball bearings and tapered roller bearings saw sharp price increases, with unit prices doubling or nearly quadrupling.
The report notes sanctions have limited Russia’s access to critical goods, despite China remaining a major trade partner.
China accounts for about 30% of Russia’s goods exports and half of its imports, underscoring economic asymmetry in the relationship.
Capital Economics says bilateral trade between Russia and China fell 9% in the first nine months of 2025.
Observers say China is unlikely to expand supply chains in Russia despite Moscow seeking deals to end sanctions and the Ukraine war.
The Kremlin has discussed business deals with the U.S. amid talks to end the war and lift sanctions.
Russia’s wartime economy faces bottlenecks, labor shortages, and Western technology gaps as it seeks more production.

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