Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found.
Russia has an extra 150,000 shipping containers that importers are scrambling to return to China, logistics platform Container xChange said in a report released Thursday, citing information provided by a customer.
“There is significant cargo movement from China into Russia but very scarce movement back to China from Russia. Containers are piling up in Russia which means that the secondhand container prices are very low in Russia,” CEO Christian Roeloffs said in the report.
I wonder how much of this is Russia not using shipping containers except at the ports.
This is the best summary I could come up with:
Shipping containers from China are “piling up” in Russia amid a surge of Chinese goods flowing into the country as trade soars, a new analysis has found.
China has emerged as a key economic lifeline for Russia after its invasion of Ukraine as the United States and its allies cut trade and imposed sanctions to choke off the Kremlin’s war effort.
Its report pointed to China’s purchases of Russian raw materials, which are primarily transported via rail tanks and open wagons rather than in containers.
Cars and consumer electronics are among the key products that Chinese suppliers are selling to Russia, after hundreds of global brands fled the country following the invasion.
In the other direction, almost a fifth of China’s crude imports in July came from Russia, the Organization of the Petroleum Exporting Countries said in a report released earlier this month.
Together with India, China accounted for 80% of Russian oil exports in July, the International Energy Agency said in an August report.
The original article contains 571 words, the summary contains 165 words. Saved 71%. I’m a bot and I’m open source!
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It’s too bad China didn’t actually make it to first world status before it burned out and began its descent toward shithole allies like Russia. How the mighty do fall.
These proxy war has helped push BRICS closer to each other, more than ever.
Keeps looking like another endless war, with our help (US), like always.
The US helping a country defend from modern day imperialism is not a bad thing, you simple minded fool. Not ALL things the US does is bad.
The US helping a country defend from modern day imperialism
The irony is palpable.
The US has always been the number one exporter of freedom we have been number two exporter of hypocrisy for almost as long.
Lesser of two evils?
Yay the US defends Ukraine against imperialism while invading Iraq and Afghanistan and funding Syrian rebels in a gross display of imperialism. A broken clock is right twice a day.
Not ALL things the US does is bad.
Now that’s a hot take
You may think that, but most that have looked at both sides and other wars have learned to not trust gov’ts so blindly.
We remember what is pushing China and Russia into more conflicts, while the poor die for the military industrial complex.
Profit over people as always.
Just to be clear, Putin and his oligarchy of henchmen are the problem.
Regime wars do not help the people, it creates more death/starvation/migration and much more.
Regime wars do not help the people, it creates more death/starvation/migration and much more.
Neither does annexing your neighbor and committing war crimes, or turning a blind eye and allowing Russia to do this without consequence.
Look at what happened to: Finland vs Russia.
Let me know if it can apply to this current proxy war.
The rest of the world couldn’t assist because WWII was going on, and Simo Häyhä is long dead. Ignoring Russia at this point would be more like appeasement of Nazis as they annexed neighbors than it would be like the Winter War. Also, Finland lost 9% of its territory to Russia at the treaty ending it. This is not an acceptable outcome for Ukraine.
Then the war will continue until Russia gains the advantage or a golden bridge to backdown is offered.
Superpowers do not backdown until they gain something.
The US presidents used to be the ones to start peace talks, now they just start more wars.
Cool so Russia should stop the war it started.
Only when Russia wins more land, until they reach the sea, peace talks will be talked about again.
Superpowers do not back down without gaining something in return.
The US president used to be the one to start talks instead of helping start more wars.
Russia isn’t a super power.
Come on now, no need to lie. Nuclear missles and other technology makes them superpowers.
Seeing both sides can help get you out of the bubble of the US/NATO propaganda. They keep pushing for endless wars and profiting off of them, while the poor keep dying for the wealthy class.
Seeing both sides? OK, Russia wants to take over a country that isn’t theirs by murdering, raping, kidnapping, and destroying simply because Russia feels entitled to something it doesn’t have. US doesn’t want Russia to gain strength so they help to prevent/stop the murdering, raping, kidnapping, and destroying.
It’s almost like one side is doing something bad with bad intents while the other is doing something good with bad intents. I’m pretty sure I’ll approve of doing good things even if the motive isn’t pure.
Regime wars do not help the people, it creates more death/starvation/migration and much more.
I’m glad we agree Russia should leave Ukraine alone.
Golden Bridge is required for Russia to back down, unless they gain more area to land lock and then they may try to start peace talks agian.
I’m glad we agree Putin’s a madman
That is true.
Just know animals bite when cornered, so golden bridge is required or expect a hostile response.
