Business
China-Russia Leaders’ Meeting Boosts Business Confidence: Yandex
Following Putin’s visit to China, Russia and China’s business ties are strengthening, with Yandex highlighting increased trade opportunities and mutual brand presence, boosting cross-border cooperation ambitions.
Key Points
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Following Russian President Vladimir Putin’s visit to China, business opportunities in Russia-China trade are expanding, says Sergey Ustinov from Yandex. Ustinov notes that Chinese brands are growing in Russia due to the recent leaders’ meeting boosting bilateral trade.
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Ustinov emphasizes the positive signals sent to Chinese businesses about Russia’s market potential. Yandex is prepared to support Chinese companies entering Russia with its local expertise and partnerships.
- At the UN Security Council debate, members urged conflict parties to protect civilians, highlighting over 37,000 civilian deaths in armed conflicts last year. Officials emphasized promoting political solutions and adherence to international humanitarian law.
Following Russian President Vladimir Putin’s state visit to China, there is optimism among the business communities of both nations, seeing expanding opportunities for bilateral trade and economic cooperation. Sergey Ustinov, a senior representative from Russia’s Yandex, highlighted the growing presence of Chinese brands in the Russian market and vice versa, signaling a positive trend bolstered by the recent leaders’ meeting. Ustinov emphasized that such high-level engagements send a clear message to Chinese companies to consider Russia a strategic market. This encourages firms already operating there to accelerate their plans, while Yandex prepares to support Chinese companies by leveraging its local expertise and ecosystem.
Concurrently, the United Nations Security Council emphasized the imperative of protecting civilians in armed conflicts during its annual debate. The council called for strict adherence to international law amidst increasing civilian casualties worldwide. Edem Wosornu, from the Office for the Coordination of Humanitarian Affairs, reported alarming statistics, with a civilian dying every 14 minutes in 2025 due to conflict. He insisted on the responsibility of nations and the Security Council to uphold humanitarian law.
Mirjana Spoljaric from the International Committee of the Red Cross described modern conflicts as increasingly targeting civilians rather than combatants, citing regions from the Middle East to Eastern Europe. Additionally, Fu Cong, China’s permanent representative to the UN, underscored the necessity of political resolutions to conflicts to protect civilians and stressed that selective law enforcement undermines humanitarian efforts.
Overall, the discussions at both the bilateral and international levels underscore the urgent need for strategic cooperation in business and rigorous adherence to humanitarian law amidst escalating global conflicts.
