China has stopped purchasing electricity from Russia

Юлия Воробьева Local news
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As of January 1, China has completely ceased the import of electricity from Russia, even refusing the minimum volumes stipulated in the contract. This was reported by the Meduza publication.

According to sources from Kommersant, the main reason for this decision was the increase in export prices, which turned out to be higher than domestic electricity tariffs in China. This made further purchases economically unfeasible for the Chinese side.

Analysts interviewed by the newspaper noted that the volumes of electricity supplies from Russia to China were relatively small compared to the total production in China, which allows the Chinese energy system to effectively compensate for this shortfall.
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