The full-scale invasion of Ukraine by Russian forces has led to numerous international sanctions against the aggressor, resulting in most global brands exiting the Russian market. The main trade partner for the Kremlin remains its 'brother' – China, which has secured favorable sectors of activity for itself (such as car supplies, raw material exports, etc.). In addition, China continues to develop cooperation with Russia and is effectively "luring" international business partners who had tried to operate in Russia but are now exploring other opportunities due to significant risks and international sanctions.
On March 23–24, Beijing will hold its annual China Development Forum, after which a meeting is scheduled between Chinese President Xi Jinping and leaders of global companies from the United States, Europe, and the United Kingdom. This includes companies such as "FedEx," "Siemens," "BMW," "Mercedes-Benz," "Qualcomm," "AstraZeneca," "Pfizer," "Nestle," "Saudi Aramco," "Citadel," "Rio Tinto," "Deutsche Bank," "McKinsey," "Estee Lauder," "KPMG," "HSBC," "Blackstone," "Total," "Standard Chartered," and others.
The goal of the meeting is to promote increased foreign investments in China's economy. Amid the decline in international economic cooperation with Russia, China is taking the initiative and strengthening economic ties with the West.
