Reversal of Russia's foreign economic activity to the East under pressure from the West

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Abstract

The Russian-Chinese partnership is becoming stronger and more influential, which is due to the strategic interests of both countries. The article analyzes trade cooperation between Russia and China in the context of sanctions pressure from Western countries. Based on the analysis of the dynamics of trade turnover, the structure of exports and imports, it is concluded that there are factors conducive to the creation of close ties between the countries. The basis for the analysis is the data of the Chinese Customs Administration. According to the results of the study, problems were identified, eliminating which, the countries will be able to create even more effective mutually beneficial cooperation.

About the authors

Sofya Nikolaevna Voropaeva

Russian Customs Academy

Author for correspondence.
Email: sn.voropaeva20@customs-academy.ru

Student at the Department of World Economy and Customs Statistics

140015, Lyubertsy, 4 Komsomolsky Prospekt

Natalia Alexandrovna Budarina

Russian Customs Academy

Email: n.budarina@customs-academy.ru
SPIN-code: 9713-2278

Doctor of Economics, Associate Professor of the Department of World Economy and Customs Statistics

140015, Lyubertsy, 4 Komsomolsky Prospekt

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