In an interview with the newspaper, he said that exports from the Russian Federation to China are extremely intense. China Global Times Chairman of the Board of Directors of Sberbank Anatoly Popov. According to him, slightly less than 75% of its volume consists of hydrocarbons and their process products.
He also noted that metals are among the top three exported goods. as well as food products and agricultural raw materials.
“Imports of goods from China to the Russian Federation have also intensified. The volume of the ten most popular product categories in the import balance exceeds 80%. “By product group, we mostly import machinery and equipment, chemical products and textiles,” said Popov.
Chairman of the Board of Directors of Sber emphasized that the bank helps Russian exporters establish relations with China through trade missions conducted online. According to him, this helps entrepreneurs find foreign counterparties in friendly countries.
“From January to August 2023, Sber conducted eight online business missions in which more than a thousand Russian entrepreneurs participated. Export business missions to China are in particular demand among our customers. “We are preparing similar events for producers of coal and confectionery products in the near future,” added Popov.
According to the bank, the total portfolio of new projects planned in Russia with Chinese capital is at least two trillion rubles.
He also noted that Sber welcomes the entry of Chinese companies into the Russian market, especially if it is accompanied by the localization of business or production in Russia.
“Localization is also an opportunity for Chinese companies to gain a qualitatively new foothold in their segment of the local market,” explained Popov.
The chairman of the bank’s board of directors noted that Sber and its subsidiaries work in close cooperation with leading Russian and Chinese automakers. He emphasized that Sber is ready to offer such companies a comprehensive solution: working capital and project financing, receivables management tools, structuring of international payment routes and financing of end customers.
“Big data-driven analytics, a technology platform for car purchasing, telematics and other solutions make a valuable contribution. Therefore, Sber Group is actually a strategic partner of the Russian automotive industry,” said Sber Chairman of the Board of Directors.