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Chinese construction machinery sees increasing share in Russian market

China

China

China

Chinese construction machinery sees increasing share in Russian market

2025-05-11 18:59 Last Updated At:21:57

Chinese construction machinery has rapidly expanded its presence in the Russian market in recent years due to its high quality and performance.

According to the National Association of Builders of Russia, which gathered procurement data from over 104,000 construction firms nationwide, Chinese equipment valued at 1.4 trillion rubles (about 15.4 billion U.S. dollars) was imported into Russia in the past year alone.

Anton Glushkov, president of the association, noted that the combined share of the two leading Chinese suppliers to the Russian market, Sany and XCMG, has jumped from less than 50 percent in 2022 to around 85 percent today.

According to a department manager at a company supplying construction and specialized equipment in Russia, Chinese machines are in high demand among their clients due to exceptional technical reliability.

"Many companies operate those construction machines around the clock, logging 8,000 to 12,000 engine hours annually. This means that those machines have a technical availability rate of nearly 99.9 percent. They can work 24/7 without unscheduled repairs," said Dmitry Zhiyanov, department manager of a local company supplying construction and specialized equipment.

Chinese construction machinery now offers a broad range of models that meet the demands of even the most complex and large-scale projects.

"In financial terms, sales of construction equipment from Asia grew from 50 billion rubles in 2020 to 350 billion rubles in 2023. Meanwhile, the market share of Chinese brands has surged from 22 percent in 2020 to over 88 percent," said Ekaterina Khafizova, head of an organizing committee for construction exhibitions in the Sverdlovsk Region.

In addition, Chinese companies are deepening partnerships with local Russian firms, aiming to develop tailor-made equipment better suited to local conditions and project demands.

Chinese construction machinery sees increasing share in Russian market

Chinese construction machinery sees increasing share in Russian market

The European Union is facing the risk of a stagflationary shock as the ongoing conflict in the Middle East is driving up energy prices and clouding the economic outlook, European Commissioner for Economy Valdis Dombrovskis said on Monday.

The European Commission's spring 2026 economic forecast, to be released later this week, will see economic growth figures adjusted down and inflation figures up, said Dombrovskis during an interview while attending a meeting of finance ministers from the Group of Seven (G7) in Paris.

With the Strait of Hormuz closed and oil prices staying above 100 U.S. dollars per barrel, fears of stagflation have risen in recent weeks, said Dombrovskis, adding that the margin of action by policymakers is "more limited" now.

The commissioner said it's important that the bloc take temporary, targeted support measures rather than measures that sustain high demand for fossil fuels.

Dombrovskis also described the EU's release of strategic oil reserves as "ongoing," while warning of concerns about shortages in areas such as innovative fuels.

The International Energy Agency Executive Director, Fatih Birol, said on Monday that commercial oil stocks are declining "rapidly", with several weeks of supply left due to the consequences of the conflict in the Middle East.

Europe could face fuel shortages by the end of this month.

EU at risk of stagflation amid Middle East conflict: commissioner

EU at risk of stagflation amid Middle East conflict: commissioner

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