Overview
- Deliveries stopped on January 1, 2026, after Russian export prices reportedly rose above Chinese domestic electricity rates, making purchases uneconomical.
- Inter RAO’s 2012 agreement runs until 2037, covering roughly 100 billion kWh over 25 years and allowing transmission capacity of up to about 7 billion kWh annually.
- Russia’s Energy Ministry says supplying the Far East takes priority and indicates exports could resume upon a formal Chinese request on mutually beneficial terms.
- Flows have dwindled from about 4.6 billion kWh in 2022 to 3.1 billion in 2023, 0.9 billion in 2024, and 0.3 billion in the first nine months of 2025.
- Reports do not clarify which side initiated the stoppage, while wholesale power prices in Russia’s Far East reportedly climbed about 42% year over year.