News Analysis China’s state-owned enterprises (SEOs) are coming to Russia’s rescue. Beijing is pressuring SOEs to purchase goods from Russian companies and to make investments into Russian enterprises. As sanctions take hold against Russia, companies in the United States, the United Kingdom, and Europe have been dumping Russian assets. China views this as a buying opportunity. “Some Chinese investors believe that Russia now has no one else to turn to but China. So they believe that China stands to gain from its trade with Russia,” said Hao Hong, managing director and head of research at BOCOM International. Regardless, Russia desperately needs a partnership with China. Already accused of war crimes, economic reparations will be demanded at the end of this war. According to the Brookings Institute, Russia has “about $350 billion in available reserves mostly held by France (12%), Germany (10%), Japan (10%) and the U.S. (7%), with the rest scattered …