- Yale data shared with Insider illustrate that China is now Russia’s largest import and export partner.
- Yet, Russia remains just the 11th most significant exporter to China.
- Thousands of companies have pulled out of Russia in the last year and that’s made Moscow increasingly reliant on Beijing.
Not long ago, Russia was on steady footing as a major energy exporter and key player in global markets. But 16 months into its “special military operation” in Ukraine, and Moscow has fallen far in the global trade and financial order.
Thousands of corporations have taken their business elsewhere, Western nations have imposed historic sanctions, and its financial system is a shadow of what it once was.
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