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Some Russian companies are seeing their business boom thanks to trade with China, Reuters reported.
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Oil, logistics, and auto sectors are major beneficiaries of Beijing and Moscow’s economic alliance.
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Analysts warn of China’s potential losses if sanctions extend to companies there that do business with Russia.
Even as the West keeps up the pressure with sanctions on Russia’s economy, some companies in the country are finding that their business is thriving under lucrative trade deals with China.
Reuters reported on Wednesday that some firms have seen business double since the invasion of Ukraine in February 2022. The report pointed to a logistics company doing business in the border region between China and Russia which has seen a big jump in activity since Western companies left the…
