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world14h ago
China has stopped buying power from Russia
- China has stopped electricity imports from Russia as of January 1, 2026, ending a long‑running cross-border supply.
- The halt is driven by elevated export prices in 2026 that surpassed China's domestic rates.
- Russia’s Inter RAO had supplied surplus electricity under a 2012 contract with China’s State Grid Corporation.
- The contract with State Grid Corporation runs until 2037 and envisioned substantial deliveries.
- Russia’s Energy Ministry has not ruled out export resumption if China submits a new request.
- China–Russia trade declined in 2025 after a record in 2024, marking the first drop in five years.
- The report frames the move within broader energy and price dynamics between the two countries.
- The article emphasizes the potential for future resumption if new terms emerge.
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