31.07.2023 | Support Provided by the People’s Republic of China to Russia
Source - The Office of the Director of National Intelligence
The report claims that "Beijing has also significantly increased the use of its currency … and its financial infrastructure in commercial interactions with Russia," which has allowed Russian entities to conduct business as usual without fear of Western interference.
China has significantly benefited from reduced oil prices, with Russian crude capped since December due to a G7 price cap. According to the report, Russian imports from Beijing increased 13% in 2022, and exports increased 43%.
Firefighters work to extinguish a fire after a Russian attack at an apartment buildings area in the town of Uman, 125 miles south of Kiev, Ukraine, on April 28, 2023. (National Police of Ukraine via AP)
China has also provided Russia with dual-use technology, with customs records showing state-owned defense companies shipping navigation equipment, jamming technology and fighter jet parts to Russian companies. Russia has even obtained processor chips through "small traders in Hong Kong and mainland PRC."
The report cites foreign press as the main source for information on China’s chip shipments and trade with Russia.
The report is available: https://democrats-intelligence.house.gov/uploadedfiles/odni_report_on_chinese_support_to_russia.pdf