Page 76 - RusRPTSept22

integrated circuit imports in 2020, according to the United Nations' Comtrade Database. China's behaviour reflects this risk. Its exports to Russia since the invasion have fallen 38 percent compared with the second half of 2021, in line with the average for non sanctioned countries. Foreign multinational corporations are responsible for half of China's exports.
China is not, however, shutting off trade with Russia. Its imports have surged to record highs. Not surprisingly, nearly 80 percent of those imports are oil and gas, which the West's sanctions regimes excluded, in order to prevent even further spikes in the global price of energy. In fact, for all its tough talk, EU imports of petroleum products from Russia post-invasion exceed China's total imports from Russia.
EU imports of Russian energy
1. Oil (black)
Jan. - Jun. 2021: EUR 31 bn Jan. - Jun. 2022: EUR 52 bn => +70%
76 RUSSIA Country Report September 2022 www.intellinews.com