Russia's economic isolation from the West is deepening its China dependency – car imports from the Asian nation shot up 540%
Russia's deepening economic and political isolation from the West is dramatically reshaping its business and consumer landscape.
Russia is now the world's No. 1 buyer of Chinese cars, after western manufacturers such as General Motors, Ford, and Mercedes-Benz exited the country in response to the war. Before the Ukraine war, Chinese cars made up just 10% of Russia's car imports, according to the report. But now, seven out of 10 cars shipped from abroad come from China, RBC said, citing data from Russia's Federal Customs Service.
"The retreat of Western auto brands from the Russian market has left a niche for Chinese players to fill in," Cui Dongshu, secretary general of the China Passenger Car Association, said in a recent interview with the Global Times newspaper.
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