Russian companies regularly organize charters to ensure the delivery of much-needed goods, such as raw materials, to China and India, according to the industry insiders of the Global Times. Sources said the move was caused by ongoing disruptions due to Western sanctions.
Beijing and New Delhi opposed Western sanctions against Moscow and said they would continue normal economic and trade cooperation with Russia. This year, the volume of trade has increased significantly, as countries have increased imports from Russian energy producers at a discount.
A source close to this issue told the publication that the Russian shipper Inteco and the Chinese Swift Transport Group have jointly created subsidiaries of liner to provide container transportation services between the port cities of Vostochny in the Russian Far East and China. The source called it a response to the growing demand for uninterrupted and secure trade between the two countries.
Customs data showed that China spent about $19 billion on Russian oil, gas, and coal in the three months to the end of May, which is almost twice as much as a year earlier. Meanwhile, India has spent $5.1 billion, which is more than five times more than a year ago.