Overview
- Export prices on Chinese shipments to Russia rose about 87% from 2021 to 2024 versus roughly 9% for similar goods sent elsewhere, according to a BOFIT analysis reported by the Financial Times and Ukrinform.
- Across 14 countries, the average price of imports subject to export controls climbed about 75% over 2021–2024, indicating sanctions are raising costs for critical machinery and dual‑use items.
- U.S. sanctions on Rosneft and Lukoil took effect last Friday, with reporting that major Chinese and Indian buyers paused purchases to avoid exposure to U.S. financial penalties.
- Industry estimates cited in coverage say roughly 50 shadow‑fleet tankers carrying about 48 million barrels are stuck at sea, reflecting near‑term disruption to Russia’s seaborne oil flows.
- China rejects claims it supplies lethal weaponry to Moscow and says it strictly controls military and dual‑use exports, while analysts note future impact depends on enforcement and Russia’s workarounds.