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‘China ready to replace EU investors in Russia if more sanctions follow’

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The Chinese investors are ready to replace European companies if the EU goes on with the “irresponsible” policy of sanctioning Russia, Reiner Hartmann, chairman of the Association of European Businesses in Russia told RT in an exclusive interview.

The Chinese are prepared to step in “if we are squeezed out (of Russia) through sanctions or other measures”, Hartmann warned during the 18th International Economic Forum in St. Petersburg.

“I’ve heard about 20 or 57 Chinese high-tech companies ready just to move in and replace Alstom, Siemens, BASF, and Bayer, just to name the few. It’s amazing!” he said.

Read more » http://rt.com/news/161104-sanction-eu-russia-china/

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