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Exports to Russia: Are US sanctions taking effect after all?

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Published: May 10th, 2024,
Last updated: May 28th, 2025

Chinese exports to Russia may have plummeted again in April, possibly due to US sanctions. Calculated in the local currency Yuan, they fell by 10.8 percent compared to the same month last year, according to data released by the customs authority on Thursday. In March, there had even been a decline of 13 percent. Last year, exports to Russia had seen double-digit growth.

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