A total of 55 40-foot containers were loaded on the new China-Europe train. The route chosen is to exit China at the Manzhouli border crossing to enter Russia, and then go west all the way to Moscow. The goods transported are auto parts, building materials, home appliances, fabrics, clothing, home furnishing, etc. The entire route of this operation is about 9,000 kilometers, and the estimated transit time is about 18 days.Linking Moscow and Beijing is of symbolic value, but the symbolism says a lot. The big news is that Sino-Russia trade is increasing and it is not just energy that formerly went to Europe heading East. China as "the factory of the world" is now supplying Russia directly with its output, further eroding the effect of sanctions. And the trade is being settled in RIB and CYN. Time to keep an eye on the CYN/RUB rate?
Rail Freight
China and Russia capitals connected on New Silk Road for first time
Chengfan Zhao
h/t Naked Capitalism
See also
US paranoid about Russia-China summit
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador
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