As international companies are withdrawing from Russia, the Chinese ambassador to Russia openly encourages small and medium-sized Chinese companies to fill the gaps in the Russian market. According to a recent news release from the Russian Confucius Culture Promotion Association on its WeChat account, Zhang Hanhui, Chinese ambassador to Russia, convened a meeting in Moscow on March 20, telling the attendees, who were executives of Chinese companies in Russia, that they should seize the current “major opportunity in a time of crisis” and take over the market that others have left behind. Russia is currently under unprecedented sanctions by the international community because of its aggression toward Ukraine. Major Russian banks have been kicked out of the SWIFT international payment system. As a result, international buyers avoid doing business with Russian companies, international shipping giants refuse to transport commodities made in Russia, and many international companies have withdrawn from Russia …
Chinese Ambassador to Russia Calls on Small and Medium-Sized Chinese Enterprises to Seize Russian market
March 26, 2022
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