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The export of machinery from China to Russia has increased tenfold since the beginning of the conflict in Ukraine.
This information reported by The Financial Times.
According to the publication, this increase specifically pertains to computer numerical control (CNC) milling machines, totaling $68 million compared to $6.5 million in February 2022.
Simultaneously, the import of CNC machines from the European Union, historically the main source, has sharply decreased. CNC machines of Chinese origin accounted for 57% of Russia’s import value in July, compared to 12% before the conflict, as per FT.
Moscow also continued importing significant volumes of CNC machines manufactured in Taiwan and South Korea, as mentioned in the publication.
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