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From sanctioned cars to beauty clinics, Russian rubles have flowed into China’s border towns since Ukraine war

NEWS SUMMARY
Since Russia's February 2022 invasion of Ukraine, Chinese border towns like Suifenhe have experienced a boom in car exports to Russia, filling market gaps left by Western companies. Businesspeople in these towns view the ongoing conflict as a significant economic opportunity, unconcerned by Western sanctions which China rejects as violating international law.
Full BriefOn request

Suifenhe, a small city in China’s economically depressed rust belt, is a microcosm of an evolving Chinese-Russian trading relationshipSuited and booted in a navy twinset tracksuit and colourful high-top trainers, Wang Runguo is hustling. Darting across the gleaming floors of his cavernous car showroom, the 45-year-old from one of China’s poorest provinces is closing on yet another deal.

From sanctioned cars to beauty clinics, Russian rubles have flowed into China’s border towns since Ukraine war
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Ukraine–Russia

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