Russia is paying a nearly 90% markup on sanctioned goods from China — compared to 9% from elsewhere
In early 2022, Russia and China famously declared their friendship had “no limits,” right before Vladimir Putin ordered the full-scale invasion of Ukraine. More than three years later, that relationship is looking increasingly lopsided, and apparently doesn’t include friendly discounts, as Moscow relies heavily on Beijing to cushion the blow of Western sanctions. A recent … Read more