Fair amount of reporting today about how some of the companies who stayed in Russia, are now leaving and how China is apparently getting pissed off with the war as its bad for business according to Ben Wallace.
Apparently Siemens has pulled out today.
https://foreignpolicy.com/2022/05/11/u-k-china-views-russias-war-as-bad-for-business/
U.K.: China Views Russia’s War as ‘Bad for Business’
British Defense Secretary Ben Wallace said Beijing views Moscow as an increasingly “inconvenient friend” as the war in Ukraine is further bogged down.
“I think China views instability [as] bad for business,” British Secretary of State for Defense Ben Wallace said. “I think probably China is rather embarrassed by the behavior of Putin. He’s a rather inconvenient friend, and … you don’t see a full-throated support.”
Russian President Vladimir Putin’s increasing international isolation—and the threat of courting opprobrium from the West—are making it more difficult for countries to do business with Russia during the Ukraine war. “How many world leaders are going to be taking Putin on line two?” Wallace added.
And
But Russia may not need China to supply howitzers and helicopters. Some former officials worry that Western sanctions aren’t enough to deter China from supplying Russia with critical materials. They say the United States and European allies should be doing more to cover up gaps in sanctions and export control regimes—or even launch a full economic embargo of Russia along the lines of long-standing U.S. policy toward Iran and Cuba.
“China has the key supply chains to many sorts of items that you need for your military equipment,” said Nazak Nikakhtar, a former U.S. assistant secretary of commerce during the Trump administration and now a partner at Wiley Rein LLP, a law firm. “There’s still an ability through China, through our lax rules, through our allies, for Russia to get the things that it needs to continue to build dangerous weapons.”
But Russia’s relationship with China is also competitive, as the two grapple for influence everywhere from the Arctic and Central Asia to Central Africa. Wallace said Russia is “really worried” about China dominating the high north and could be in a weaker position coming out of the invasion.