Select committee: International Relations and Defence Committee
Conclusion 150
1st Report - Our friends in the North: UK strategy towards the Arctic
Published 29 Nov 2023
International Relations and Defence Committee The Arctic All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
The Sino-Russian partnership is likely to become increasingly asymmetric. Western sanctions on Russia in response to its invasion of Ukraine have increased the country’s dependence on China as a supplier of technology and finance. Captain Bisen highlighted the strengthening of the trade relationship between Russia and China: “The trade between Russia and the share of rouble and yuan mutual commission transactions has now risen to 65% and continues to grow. The bilateral trade has grown by 30% in 2022, setting a new record of $185 billion and aiming to surpass $200 billion in 2023. This is a real cause of concern.” 172
From: International Relations and Defence Committee, 1st Report - Our friends in the North: UK strategy towards the Arctic, 29 November 2023
Government response
A response document is linked to this report, dated 26 January 2024. Response attribution to this conclusion has not been verified. Read the response document ↗