fromFortune
3 days agoDespite their 'no limits' friendship, Russia is paying a nearly 90% markup on sanctioned goods from China - compared to 9% from other countries | Fortune
A recent report from the Bank of Finland Institute for Emerging Economies found that the median price Russia paid for Chinese exports of sanctioned products soared 87% between 2021 and 2024. For exports from other countries, however, prices of sanctioned goods rose just 9% during that time. Researchers highlighted ball bearings, which is on the European Union's list of high-priority items. While the value of Chinese ball-bearing exports to Russia jumped by 76% from 2021 to 2024, the quantity of exports actually dropped by 13%.
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