China mulls buying stake in Russian firms, intensifies focus on energy and commodity companies

 

On China's radar include gas giant gas prom and aluminium producer ,international the acquisitions or investments if any will be done by Chinese state-owned firms including china national petroleum china petrochemical aluminium corporation of china and china mean metals corporation that are already looking for any opportunities for potential investments in Russian companies or assets china currently has some investments mainly in Russia's energy sector CNPC has a 20 stake in the Yamal LNG project and a 10 stake in arctic LNG 2 while CNOC also owns 10 percent of arctic analysts say the exodus of western companies from Russia has already left a business vacuum which can be filled by china companies oil import dependent china can take advantage of the oil gas and metals projects that have been left behind by various companies in Russia after sanctions were imposed china is intensifying its focus on energy and food security and any deal will be to strengthen china's efforts towards that however reports also say the discussions for any deal are at an early stage and won't necessarily lead to a result some talks between Chinese and Russian energy companies have already taken place but investments by Chinese firms into Russian companies will not be without risks u.s has already warned any Chinese companies breaching u.s export control measures can be shut down but it is not clear if fresh investments into Russian firms come into this category.