Problems and prospects of Russian hydrocarbon exports to China: new conditions and challenges of our time

Russia has significant reserves and production volumes of hydrocarbons, which form the basis of the country's economy. After 2022, in the context of geopolitical changes, Russia radically changed the geography of energy exports from the West to the East, primarily to China, within 3 years, while maintaining the main export volumes. Russia is one of the countries with economies dependent on the fuel and energy complex and the export of oil and gas resources. Of course, the new conditions of the global economy have led to a decrease in the profitability of export operations due to the discount in the price of Russian oil, increased logistics costs, limited capacity of pipeline and transport infrastructure, restrictions in calculations, and embargoes. But despite significant restrictions, Russia is implementing a new stage in the development of mineral resource exports: China is the world's largest importer and its geopolitical interests and geographical proximity to Russia form a platform for long-term trade relations with Russia. This article examines the export of major energy resources (oil, gas, and coal) from Russia to China. The importance of foreign economic cooperation between the two countries and the prospects for its development in the new geopolitical conditions are determined.

trade cooperation, export of hydrocarbons, Russia and China, foreign trade of Russia, oil and gas revenues of Russia, world trade in energy resources