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It is said that the friendship, business and
economic situation between China and Russia is very good. Some Russian
companies are facing some difficulties in doing business with China. Russia's
companies are accepting transactions secured from China's banks and from
China's biggest companies. After the war between Russia and Ukraine, Western
countries were left out of Russia. Russian President Vladimir Putin wants
Chinese companies to invest in Russia. For that he has interested and
encouraged the Chinese companies.
According
to experts, the friendship between China and Russia is increasing. It is said
that the trade growth between these two countries reached 240 billion
dollars in 2023. Russia exports coke and oil to China. These
exports increased by 12.7 percent and reached 192.2 billion
dollars. China exports car, smart phone, laptop, toy to Russia. China's exports
to Russia also increased by 46.9 percent and reached 111 billion
dollars. Now there are some problems between Russia and China business. The
Russian company has complained that a check coming through China bank has
bounced. The senior supporter of Russia expressed his opinion and said that
there is a problem with the transactions of China's largest bank ICBC, CITIC
Bank, Industrial Bank and Bank Of Taiju.
Business experts say that these problems affect
Russian companies that depend on China for technology, data transfer, and
laptops. The issue related to this transaction started in 2023. By March 2024, the situation had worsened. A few months ago, America imposed a lot of
sanctions on Russia. With that, China has made its rules very strict. He now
wants to know the information that Ukraine has occupied any region of Russia
and suspects that business is being done from Ukraine. China suspects that any
transaction is related to the Russian military. According to a report, between
March 2024 and March 2023, China's exports are said to have decreased by 16 percent.
A Russian newspaper manufacturer said that China's
electronics exports to Russia are said to have decreased by about 15 percent. With this, it is said that the coke exported from Russia to China
has decreased by about 21 percent. Russia's experts say that the problem is
increasing due to Russia's increased trade relations with China. Russia's
largest aircraft manufacturer has appealed to the government to increase tax on
vehicles imported from abroad. By this we can capture the expansion of private
China companies. But China media has seen very little against Russia. Russia's
ambassador to China had refused three banks to accept Russia's payment and
interfered with one of the countries. China's official media has come up with
two ways. The first is that the payment will be transferred through a third
country such as Kazakhstan or Tajikistan and the second way is to keep a
special bank for the payment so that we can exchange dollars there.
