China now accounts for roughly 35% of Russia's total foreign trade, up from 16% before the war, making Russia a captive supplier with vast quantities of raw materials but only one buyer able to take them at scale.

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China now accounts for roughly 35% of Russia's total foreign trade, up from 16% before the war. With European markets closed, Russia has become a captive supplier.

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Is Russia Actually Losing?Patrick Boyle
Created: 7/11/2026, 9:13:21 PM

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