VTB quintuples Chinese supplier database for Russian SMEs in six months
VTB has expanded its database of Chinese suppliers for Russian small and medium-sized businesses by five times in under six months. The updated system now includes profiles of over 2,500 Chinese companies looking to partner with Russian firms. The announcement came during the 10th Russia-China EXPO in Harbin, where VTB played a key role as both sponsor and participant.
Julia Kopytova, VTB’s Senior Vice President and Head of Analysis, Coordination, and Product Development, revealed the database’s rapid growth at the event. She highlighted the platform’s focus on speed, transparency, and current data—factors Russian entrepreneurs consider essential when connecting with Chinese partners.
At the EXPO, VTB presented tools designed to simplify foreign economic activity. The bank also offered consultations to business owners on secure and profitable trade between Russia and China. Reducing costs and operational risks in cross-border deals was another major topic addressed during the sessions. The five-day event, held from May 17 to 21, reinforced China’s position as one of Russia’s most important trade partners. VTB’s participation included showcasing solutions tailored to strengthen business ties between the two countries.
The expanded database now provides Russian businesses with access to a wider pool of potential Chinese partners. VTB’s efforts aim to streamline cross-border cooperation by offering reliable information and reducing financial risks. The bank’s involvement in the EXPO underscored its commitment to supporting trade between Russia and China.
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