Trade between the two countries, which have good relations, reached a record level last year and amounted to approximately SEK 2,600 billion.
Since Russia's full-scale invasion of Ukraine, imports of cars from China have increased significantly, making up a majority of the Russian market. However, Moscow has now introduced scrapping and recycling fees, effectively indirect tariffs, on imported cars.
The purpose of the trade barriers, according to analysts, is to get Chinese companies to move production to Russia, writes Di.
Chinese companies do not want to invest in Russia and do not like technology transfer. But they love to dump their products in Russia. This has naturally made Putin and the Russian people upset. Therefore, Russia must now demonstrate its discontent, says Junhua Zhang, former professor at Shanghai Jiao Tong University, to the newspaper.
Last autumn, tariffs of 55 percent were also introduced on furniture components from China. The level is five times higher than the corresponding tariffs against the EU, according to the industry website Wood Central.
Over 90 percent of Russia's wood export goes to China.
Chinese authorities are urging affected companies to "evaluate the potential effects" of the fees and tariffs, according to Newsweek.
