Overview
- Speaking at Renmin University in Beijing, Ambassador Igor Morgulov said analysts expect year-end bilateral trade to come in slightly above $220 billion.
- The General Administration of Customs of China reported $203.675 billion in trade over the first 11 months of 2025, down 8.7% year over year.
- A full-year figure a little over $220 billion would remain below the 2024 record of $244.819 billion.
- Morgulov said the two countries now settle transactions almost entirely in rubles and yuan through stable mechanisms.
- President Vladimir Putin reported nearly $90 billion in Russia’s trade with CIS countries over the first 10 months of 2025.