What prevents Russian shipping companies from “conquering” China?
Cargo carriers have been developing the eastern direction for a long time. According to the plans of the Russian government, by 2024 the volume of rail transit by containers should increase by 4 times. First of all, this is due to the expansion of the transport corridor between China and Europe, which runs through the Urals. The trade turnover between the Ural region and China is also growing. In 2017, the volume of imports from China to the Sverdlovsk region tripled, and exports to China by enterprises of the Sverdlovsk region increased 3.2 times. The total trade turnover has passed the mark of $ 1.3 billion. Trade relations between the Sverdlovsk region and Kazakhstan are also in a stage of rapid development. In the same year 2017, the volume of imports increased by 36%, and exports — by 23%. The total trade turnover has become more than $ 1.2 billion.