Chinese companies seek Putin's assurances

Fosun and LeEco executives ask the Russian president for clarity on business relationships at VTB Capital's investment forum in Moscow.
Vladimir Putin speaks at VTB Capital's conference
Vladimir Putin speaks at VTB Capital's conference

Fosun Group is one of several Chinese companies that have invested in Russia, having established a branch in Moscow in October 2015. A senior manager at the conglomerate had the opportunity this week to ask Russian President Vladimir Putin “which direction of Russia’s economic relationships would be most significant in the long run” when it comes to Asian partners.

Despite Russia’s diplomatic and commercial turn to Asia since 2014, when European and North American countries imposed sanctions on it over its annexation of Crimea, trade turnover with China has actually declined.

But it remains significant, Putin told the audience on Wednesday at VTB Capital’s investment forum in...

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