Bloomberg: Russia is gradually making up for losses from EU sanctions by increasing trade with China

As a result of the introduction of large-scale anti-Russian sanctions, the trade turnover between the Russian Federation and the EU has sharply decreased. To compensate for these losses, Moscow is taking intensified steps to reorient trade flows to the east, primarily by increasing export-import cooperation with China. But, according to Bloomberg, so far Beijing has not been able to fully compensate for the dropped volumes, primarily due to problems with logistics.

Vincent Stamer, a researcher at the German Kiel Institute for the World Economy, told the publication that Russia's previously busiest port in St. Petersburg was facing an 85% drop in container throughput compared to the previous year. Such a volume of loss of cargo traffic is due to the fact that the port mainly served container traffic with the EU countries.

According to the German analytical center, due to the sanctions policy of the European Union, Russia is losing about 24% of imports of goods every month compared to 2021. In value terms, the monthly import deficit reached $4,5 billion. This is comparable to the drop in trade that the state suffered in April 2020 due to the closure of borders due to pandemic restrictions.

The loss of a quarter of national imports is quite significant. Imagine that such a drop in imports occurs every month

Stamer comments on the situation.

Taking into account the drop in trade turnover with European countries and in order to compensate for the balance of payments, Moscow is actively increasing trade with China. But so far, Beijing has not been able to fully replace the volume of exports that previously accounted for the European Union, Bloomberg claims.

According to a report from the Kiel Institute, this summer the EU delivered 43% less goods to Russia than a year ago. For comparison: over the same period, China exported 23% more goods to the country.

At the same time, the two largest Russian ports in the east of the country - Novorossiysk and Vladivostok - faced a reduction in incoming cargo after the start of a special operation in Ukraine. But now the situation is gradually leveling off, according to the latest data, the flow of goods through Vladivostok has recently been approaching the norm.

Gradually, sea transportation of goods with China is also being established, which was disrupted due to the refusal of major European maritime carriers to work with Russian companies.

It is now difficult to determine how large this effect is. Any obstacles in the shipping network will not prevent China from increasing exports to Russia

Stamer is sure.

As an alternative to reduced maritime traffic, Russia is actively using rail transport, especially through the Far East regions. According to the latest report from New Silk Road Intermodal, a freight operator that handles trade between China and Europe, rail lines to Russia are “still noticeably busy,” but traffic is slowly easing.

Comments

[Buyan]

We change the awl for soap. It would be better to industrialize the economy, and not change the flow of resources

[I dare to_notice_]

To do this, you need to have a domestic market.
And it is possible only with at least 450 million people. population.
According to Zhirinovsky (God rest his soul!) - 300 million.
And for this you need to collect Russian lands or ... recreate the Empire.

[rocket757]

If you do not pupate only on the domestic market, harmoniously combine internal and external demand, you can develop quite successfully for yourself.
It's not easy, well, life has never been easy or problem-free at all.

[filibuster]

And for this you need to collect Russian lands or ... recreate the Empire.

Maybe it's still worth developing the territory that we have now? You can compare the length of railways, high-speed roads in Russia with Western countries.
And the Empire usually assumes a good life for the elite (emperor) and "poor" subjects on the shoulders and bones of which this empire exists and expands, and the empire constantly needs expansion.

[YOUR]

Exactly. As an example, Germany or France, they have more than 300 million people, or I'm wrong about something.

[Stas157]

Quote: YOUR

Exactly. As an example, Germany or France, they have over 300 million population or I'm wrong about something.

Don't be mistaken. The population of the EU is 450 million people. Plus the whole world that buys from them.

[YOUR]

Kaneshno kaneshno, until 1993 they didn’t have any domestic market, and naturally the industry was so-so, where would it be without a domestic market.

[Blacksmith 55]

YOUR ,
You are a little wrong.
Germany 83 million, France 67. All together 150.

[YOUR]

Those. They don't have 450 million. So there is no domestic market.

Quote: I dare_notice_

To do this, you need to have a domestic market.
And it is possible only with at least 450 million people. population.

[stelltok]

To do this, you need to have a domestic market.
And it is possible only with at least 450 million people. population.
According to Zhirinovsky (God rest his soul!) - 300 million.
And for this you need to collect Russian lands or ... recreate the Empire.

Totally agree with you.
But just to clarify.
1- If there is a budget surplus now, then you need to start building factories with this money
2-Transfer factories now in 2 shifts to increase volumes in order to close imports.
3- Get rid of imports, replacing with domestic ones.
4-More actively purchase imports from the CIS countries.

[Aaron Zawi]

Quote from Buyan

We change the awl for soap. It would be better to industrialize the economy, and not change the flow of resources

In this, China is even less of an assistant than Europe. If the latter transferred part of the production to the Russian Federation in order to reduce costs, then you will not expect this from China.

[Asad]

Well, why don’t you wait, they don’t mind transferring harmful industries.

[ZIF122]

I completely agree! It is necessary, in fact, and not in promises, to revive industry, agriculture, independent of Western components!

[Sergey_52]

To do this, at the beginning you need to specifically kick the remaining liberal trash. The fact that the process has begun cannot but rejoice, but the fact that it is going very slowly is very annoying ...

[I dare to_notice_]

As one of the heroes of the movie "Jurassic Park" said:
- Life will always find a way. (With)

[Magellan]

There was no doubt that an alternative would be found. But this is unlikely to give a positive structural shift...

[Buyan]

Quote: I dare_notice_

To do this, you need to have a domestic market.
And it is possible only with at least 450 million people. population.
According to Zhirinovsky (God rest his soul!) - 300 million.
And for this you need to collect Russian lands or ... recreate the Empire.

Come on, the population of Japan, for example, is 125 million people, the rest of the countries are also not much more))) and they do not have such resources as we have

[Trapp1st]

they don't have resources like we do

They have national interests and those who promote them to the world.

[stelltok]

Come on, the population of Japan, for example, is 125 million people, the rest of the countries are also not much more))) and they do not have such resources as we have

The Japanese have a sales market that is about + -1 billion.
Only in the USA do the Japanese sell a huge part of their machinery and equipment.
They also sell it in the EU, a lot of things. For example coherence tomographs, or Nicon/Canon.

and they don't have resources like we do

The Japanese buy gas (and not only) from the Russian Federation, and they don’t want to lose this opportunity.

[rocket757]

Bloomberg: Russia is gradually making up for losses from EU sanctions by increasing trade with China

. A holy place is never empty... for a good product there will always be a buyer, alternative and without any troubles.

[rotmistr60]

Stamer scrupulously calculated how much Russia is losing from a decrease in trade with the EU, but for some reason he modestly kept silent about how much the EU is losing from this. Sanctions are a double-edged sword. At the same time, he notes that the situation in maritime transport is leveling off due to work with China and bitterly reports that "railway lines to Russia are still noticeably busy." And so I wanted in one fell swoop and reduce everything to 0.

[stelltok]

for some reason, he modestly kept silent about how much the EU is losing from this

Well, don't upset your readers.

[Buyan]

Quote: Trapp1st

they don't have resources like we do

They have national interests and those who promote them to the world.

Everything is correct, you can also look from this point of view

[Uprun]

About our ports, yes, but how are things in the ports of the Tribalts ......? Not to compare the economies of countries, but in terms of workload ....., also the direction of the EU .... And the fact that the Germans of the PRC are selling part of the port .... from a good life, probably .....

[stelltok]

And the fact that the Germans of the PRC are selling part of the port .... from a good life, probably .....

This needs to be understood differently.

[bombaher]

The Chinese began to supply us with more defective products, parallel imports are to blame

[ZIF122]

Yes, there is such a moment! Take advantage of the fact that we do not have an alternative yet!

[Andobor]

Quote from bombaher

The Chinese began to supply us with more defective products

Nonsense, Chinese products are traditionally of high quality and reliability.

[Strannik96]

Quote: YOUR

Exactly. As an example, Germany or France, they have more than 300 million people, or I'm wrong about something.

So for sure, you are mistaken and even decently, look on the internet

[Strannik96]

Quote from bombaher

The Chinese began to supply us with more defective products, parallel imports are to blame

China supplies what people order, we need quality for C&A - we will sew, we need it cheaper - we will also sew

[Blacksmith 55]

Well, Vladivostok all right, but Novorossiysk .... in the east of the country?
I would say south.

[pharmacist]

I was also surprised by this analytics. Immediately there were questions to the analysis and everything else.

[Buyan]

Quote from stelltok

Come on, the population of Japan, for example, is 125 million people, the rest of the countries are also not much more))) and they do not have such resources as we have

The Japanese have a sales market that is about + -1 billion.
Only in the USA do the Japanese sell a huge part of their machinery and equipment.
They also sell it in the EU, a lot of things. For example coherence tomographs, or Nicon/Canon.

and they don't have resources like we do

The Japanese buy gas (and not only) from the Russian Federation, and they don’t want to lose this opportunity.

And I'm talking about too - it is not necessary to have 500 million people)

[looker-on]

Quote from Buyan

And I'm talking about too - it is not necessary to have 500 million people)

We (Russia) simply traditionally cannot withstand competition. Both in the markets and in politics (this is why we don’t have politics and we only sell raw materials) That’s why the fable about 450 million and the fairy tale about the fact that Russia certainly needs a tsar and nothing else . For who is the rival of the king? Only the emperor) And why build a plant for making paper in Karelia? We will send round timber to Finca and from there they will bring us excellent Finnish printing.
Meanwhile, countries which are hard to see on the map (the Netherlands, for example) with their GDP can compete with some former empires.

Not because we can’t, but because it’s not customary for us to work with a margin of less than 100% (or better than 300) and there is no stability horizon (no one knows what will happen in a year)
PS in order to have 450 million in Russia, you first need to become rich. People breed well when they have a future and stability ... well, or how it turns out in Africa