Turkey announced the cession of the Russian market to China
According to her information, deliveries from Turkey to Russia in August of this year decreased by 11, and in September — by 25 percent. According to preliminary data of the Union of Exporters of Turkey, which the publication cites, in October exports to Russia decreased by 19.8 percent.
At the same time, China's exports to Russia have been "increasing by double digits" in recent months. For example, in October it grew by 17 percent compared to the same period last year, to $ 8.69 billion. While Turkey is facing serious financial difficulties amid volatility, China has "strengthened its international logistics infrastructure and succeeded in price competition," and the country's authorities strongly support and encourage industrial and logistics companies, according to the article entitled "We have ceded the Russian market to China!".