Subject. This article discusses the prospects for the development of Chinese transnational enterprises in a changing geopolitical environment. Objectives. The article aims to assess the impact of international sanctions on the investment activity and the range of activities of Chinese companies in the Russian market. Methods. For the study, we used systems and comparative analyses. Results. The article finds that Chinese corporations are cooperating and interacting with the Russian market in a cautious manner due to fears of secondary sanctions and the risk of losing reputation with European partners. The question of the expediency of the rapid development of Chinese business in Russia in the context of high costs for attracting financing and the volatility of the Russian ruble exchange rate remains debatable. Conclusions. The impact of anti-Russian sanctions on the activities of Chinese multinational corporations in Russia cannot be unambiguously assessed. Despite the difficulties, unique opportunities are opening up for Chinese corporations to take the place of European companies in the Russian market. To develop the activities of Chinese transnational corporations in Russia, it is necessary to create the parallel imports volumes.
Keywords: Chinese trans-national corporations, TNC, secondary sanctions, imports, currency convertibility, foreign direct investment
References:
Bo H. Implications of the Ukraine War for China: Can China Survive Secondary Sanctions? Journal of Chinese Economic and Business Studies, 2022, vol. 21, iss. 2, pp. 311–322. URL: Link
Ankudinov A., Ibragimov R., Lebedev O. Sanctions and the Russian Stock Market. Research in International Business and Finance, 2017, vol. 40, pp. 150–162. URL: Link
Besedeš T., Goldbach S., Nitsch V. You’re Banned! The Effect of Sanctions on German Cross-Border Financial Flows. Economic Policy, 2017, vol. 32, iss. 90, pp. 263–318. URL: Link
Tretyakova G.V., Kazachenko A.A., Lyong N.L.V. [Trends and prospects of national currencies in international settlements with the participation of Russia and China]. Vestnik Tomskogo gosudarstvennogo universiteta. Ekonomika = Tomsk State University Journal of Economics, 2022, no. 58, pp. 190–207. (In Russ.) URL: Link
Zhao Z., Gordyachkova O.V. [Chinese direct investments in the Russian Far East economy]. Rossiisko-kitaiskie issledovaniya = Russian and Chinese Studies, 2021, vol. 5, iss. 2, pp. 101–109. URL: Link (In Russ.)
Sizykh E.Yu. [Exports of foreign direct investment from China: global trends and new old normality]. Rossiisko-kitaiskie issledovaniya = Russian and Chinese Studies, 2020, vol. 4, iss. 4, pp. 288–298. URL: Link (In Russ.)
Ma Y., Suslov D.V. [New aspects of Russian-Chinese investment cooperation in the Russian Far East]. Vlast’ i upravlenie na Vostoke Rossii = Power and Administration in the East of Russia, 2019, no. 4, pp. 8–16. URL: Link (In Russ.)
