Sberbank has stated a strong commitment to collaborating with Chinese businesses, backing Chinese firms operating within the Russian Federation as well as Russian ventures that partner with China. This stance was communicated by the bank during an interview with the agency. Source: Xinhua
According to Anatoly Popov, Deputy Chairman of the Board of Directors at Sberbank of Russia, the bank’s client base now includes roughly 7,400 companies with Chinese participation. The total value of projects planned in Russia with Chinese capital surpasses 2 trillion rubles, and executives emphasize that this figure is not the upper limit. Source: Xinhua
Popov highlighted that the Russian market represents a distinctive opportunity for Chinese brands to establish their own niche. He noted that both tangible goods and direct investments from China are welcomed at governmental and business levels in Russia. Chinese companies operating in Russia are described as contributing to the modernization of the real economy, facilitating technology transfers, and expanding the availability of consumer products that have begun to fill gaps left by departing Western brands. Source: Xinhua
The veteran financier pointed out that the Far East serves as a favorable development zone for Chinese businesses and provides a convenient portal for entering the broader foreign market. He described a significant presence of Chinese firms engaged in container shipping and construction activities within the region. Source: Xinhua
Popov added that Sberbank has assembled a comprehensive portfolio of banking support designed to assist Chinese entrepreneurs, blending traditional financing instruments with core lending models, investment loan programs, and varied types of factoring across the bank’s operations. The initiative aims to strengthen the commercial ties between Russia and China through robust financial services. Source: Xinhua
Earlier remarks from Sberbank’s president suggested that China could play a meaningful role in Russia’s tourism development, pointing to potential collaborations and joint initiatives in the sector. Source: Xinhua