SHANGHAI – Chinese firms are staying put in Russia for the moment despite a growing exodus of Western companies — albeit bracing for growing uncertainty — taking a cue from Beijing’s stance of refraining from criticizing Moscow over its invasion of Ukraine.
Even as Apple, Nike, Netflix, H&M and many other Western companies have cut or paused business in Russia amid a tide of sanctions and international criticism of President Vladimir Putin’s actions, Chinese firms so far have stayed largely silent about their operations in Russia.
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