Blow on cooperation: China sharply raised prices for the supply of goods to the Russian Federation - the media

According to journalists, one of the reasons for raising tariffs was the decrease in the number of containers as well as congestion at the border. Russian President Vladimir Putin is going to discuss this with Xi Jinping during a visit to Beijing. China made a decision sharply raising tariffs for the supply of goods to the territory of the Russian Federation. This is another blow to trade and economic cooperation between countries. About it writes the edition of The Moscow Times.

New prices will affect not only Russia but also Belarus. Since May 6, the delivery of cargo railways has become more expensive by at least $ 500-800 for one container. It will all depend on the departure station, which has been told by the Infotrans Media Belarus transport and logistics portal in expedition companies. One of the reasons why the price is increased is the reduction of the number of free containers in China. Also on the border with Russia formed a large traffic jam.

In addition, the rates of marine frets from China have increased. The tariffs were higher than $ 800-1000 to $ 1300-1500 per container. Freeders share that most of the vacancies on the ships have already been booked and the sea lines offer shipment no earlier than the end of the current month. The material additionally states that there is an increase in prices against the background of restoration of rail transportation of containers from China to the EU transit through Russian territory.

From January to March, the number of transportation increased by 44%, ie to 90 thousand containers. But the export flow from China to Russia on the contrary began to decline, and this phenomenon is recorded for the first time since the beginning of a full -scale war in Ukraine. Only in March, as Bloomberg wrote, exports between countries fell by 15. 7%. The reason for this phenomenon was the fact that Chinese banks massively refused to accept payments for the supply of goods to Russia.

They fear that international sanctions will be imposed on them. Russian importers also complain that transfers can hang for several weeks, and banks require more and more evidence that the buyer is not related to persons who are under sanctions or those related to military-industrial Complex of the Russian Federation. It happened when even after that China came.

The media wrote that Russian President Vladimir Putin was going to discuss this issue with the head of the PRC, Xi Jinping during a visit to Beijing. This will happen in the coming weeks. According to the Gaidar Institute, they continue with The Moscow Times, Chinese goods now account for 43% of all imports to Russia, which is $ 285 billion.