While supply chain disruptions have significantly diminished over the course of 2022, the reversion of the index toward a normal historical range has paused over the past three months. Our analysis attributes the recent pause largely to the pandemic in China amid an easing of «Zero COVID» policies.

The recent months have refuted expectations that relations between Moscow and Beijing were «fragile» and demonstrated a common strategic vision and willingness to support one another in addressing complex foreign policy challenges.