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Russia’s primary exports are hydrocarbons and natural resources, and China overtook the United States as the world’s leading importer of crude oil in 2017. China’s import needs to meet rising food demand are rising too. It just so happens that Russia is well-positioned to help address both appetites at a time when Moscow needs all the growth opportunities it can get.
Russian authorities continue to tout the line that Belt and Road cooperation is progressing, though they rarely explain what that entails. Every statement needs to be taken with a large grain of salt, or perhaps whatever Putin and North Korean leader Kim Jong Un were drinking in Vladivostok before the forum. Economic ties are deepening, but not in service to the geopolitical meme that is the Belt and Road.
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