CHINA-RUSSIA 2023 TRADE VALUE HITS RECORD HIGH OF $240 BLN

China's 2023 two-way trade with Russia hit $240 billion, setting yet another new record, Chinese customs data showed on Friday, as the two countries pushed for closer economic ties even as the war in Ukraine raged on.

China, one of the world's top oil consumers, has emerged as a major economic lifeline for energy exporter Russia, currently under Western sanctions. Moscow has also stepped up purchases of Chinese goods from cars to smartphones as European and U.S. brands left the Russian market.

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