Deliveries were twice lower in the previous agricultural year
A VISIT by probably the biggest Russian trade delegation to Thailand in February this year can certainly be taken as a testament to Kremlin’s “Look East” policy. But how it will be translated into real trade or economic interaction between the two countries remains a challenge.
The loading of export designated cargo destined for Russian ports made 102.4 tons during January-April 2018 up 4.6% up compared to the same period of 2017.
Under-regulated coal shipping has led Russian ports toward an ecological catastrophe, but with the sun setting on the sector, a commercial catastrophe also looms.
European oil refineries are increasingly looking for Russian crude oil after the world’s largest raw materials producer is sending more volumes to China. The projections are that in the first five months of 2018 Russia will ship 19% less oil on its main ports in the Baltic Sea and the Black Sea compared to an year earlier. Meanwhile, flows to China grew by 43% in the first three months, according to data from Transneft.
Trade relations between the countries get stronger.