The publication “Insider” analyzed foreign trade data of Russian companies for the period 2024-2025 and identified more than six thousand foreign export companies that directly or indirectly supply the Russian military-industrial complex, ignoring international sanctions.
Among these companies are about 4,000 Chinese and Hong Kong companies, about 300 Turkish companies, 120 Emirati companies, and 60 Indian companies.
Together they accounted for two-thirds of trade with sanctioned Russian companies or with companies corresponding to those of the Russian military-industrial complex.
Based on customs data over the past two years, The Insider estimated the volume of sanctioned trade at about $7 billion.
Among the largest Chinese exporters working with sanctioned Russian companies, the post mentions Shenzhen Ming Huaxin (supplies controllers and batteries for drones), Tenyi Technology (electronics parts), Lonking (Fujian) International Trade (tracked vehicles), Ele Technology (metalworking machines), and Sky Tech (gas turbine engines).
If China remains in first place in terms of the number of exporting companies and total imports of goods to Russia, Turkey is the leader in the quality of imported goods, The Insider notes.
Two-thirds (68%) of supplies from Turkey to Russia in the high-tech goods sector (metallurgy, non-consumer electronics, optics, mining and energy equipment, non-household measuring instruments) are advanced equipment made in Europe, Japan and Korea.
“Thus, Türkiye strongly specializes in reselling high-quality Western equipment to Russia,” the publication concludes.
According to the transparency study, Russia also continues to actively trade abroad with the help of companies registered in the British Overseas Territories. According to the organization’s estimates, from February 2022 to January 2025, the volume of Russian foreign trade through British offshore companies amounted to no less than eight billion dollars.