After Russia’s invasion of Ukraine, a number of global multinational companies have pulled out of Russia. The Chinese Ambassador to Russia, Zhang Hanhui, recently told local Chinese companies that they should “lose no time” in seizing the “great opportunities in the crisis” and they should adjust their business operations to fill the gap in the Russian market.
Addressing a dozen executives from Chinese companies in Moscow on March 20, Zhang told them “not to wait,” but to integrate their resources and adapt to the “new situation” as soon as possible.
Amid the complicated international situation, the methods of settlement and supply chains of Chinese companies in Russia are encountering great difficulties and interruptions. This is the time when private small and medium-sized enterprises come into play, added Zhang. He said that the Chinese government is making adjustmenst and is building new platforms to solve the outstanding problems of settlement and logistics.
Source: Central News Agency (Taiwan), March 20, 2022