By Natali Moss
At the same time, the cost of imports from Russia fell from 22 billion euros in March 2022 to 3. 8 billion euros in March 2023. The EU trade deficit with Russia, which reached 18. 4 billion euros in March 2022, decreased to 6. 1 billion euros in December of that year. And in March 2023, a surplus appeared at the level of 0. 2 billion euros. According to the publication, during the first quarter of this year, a deficit of 11. 3 billion euros was registered in the balance of energy and Russia.
Meanwhile, China in April 2023 received a record revenue from exporting its products to the Russian Federation. According to Bloomberg, the trade between China and the Russian Federation has become more intense after a full -scale war in Ukraine. "In April, China's exports to Russia reached a record level, increasing by 153% compared to last year, to $ 9. 6 billion, which is an increasingly close economic relations," the authors of the publication said.
Journalists also noted that the total trade between the PRC and Russia has significantly increased by the Chinese side of Russian energy resources, reaching about $ 19 billion. The peak of turnover was observed in March. Recall that on April 20, Bloomberg reported that the US and some other allies consider the possibility of almost complete stopping of export to Russia. The material states that for the functioning in the EU new norms should be implemented by all members of the block.
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