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Russian envoy says trade with Hong Kong can grow under strong Moscow-Beijing ties

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China, Russia can do more to support companies affected by Western sanctions, says Consul General Anatoly Kargapolov

This is the eighth in a series of interviews with consuls general of emerging and belt and road economies with which Hong Kong is keen to build ties. Here are the previous ones.

Russian companies have faced difficulties accessing Hong Kong’s banking services following Western sanctions, but the country’s top envoy to the city has brushed off the impact on bilateral trade.

Consul General Anatoly Kargapolov said growing ties between China and Russia had opened up new opportunities for collaboration with the city, urging the financial hub to host economic forums with former Soviet states.

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He spoke to the Post in an exclusive interview days before leaders Xi Jinping and Vladimir Putin said on the sidelines of the 16th Brics summit in Kazan, Russia, last week that both countries were committed to boosting cooperation for a “fair world order”.

Since Russia invaded Ukraine in February 2022, it has faced a slew of sanctions from the United States, the European Union and other Western countries. It was also cut off from Swift, the main international payment messaging network.

Some Russian companies experienced difficulties with banking services in Hong Kong, but Kargapolov said that “was never critical for developing bilateral trade”.

He said US sanctions on dozens of Hong Kong companies for their alleged ties to Russia were meant to “negatively influence” Russia-China trade.

While the affected companies had to navigate the challenges they faced themselves, he added that Moscow and Beijing should support the business community.

In September, the US Treasury Department’s Office of Foreign Assets Control sanctioned 26 Hong Kong companies and another based in the city and mainland China. That followed sanctions last December on eight companies in the city.

On a visit to Hong Kong in July, Ukraine Foreign Minister Dmytro Kuleba urged Chief Executive John Lee Ka-chiu to prevent Russia from using the city to evade Western restrictions.

Lee assured Kuleba that the city adhered to global sanctions and local laws.

Kargapolov called those sanctions “illegal”, saying: “The global economy is grossly distorted by the methods that the West is using to punish those who do not follow its ‘rules’, which are steeped in neocolonialism, and to wipe out its competitors.”

He added that Western countries tried to use the same method against Russia-China trade and Hong Kong in particular, in their attempts to undermine the city’s status as a global financial centre.

Despite the challenges, Russia’s relationship with Hong Kong was part of its “comprehensive partnership and strategic cooperation” with the mainland, which was experiencing “remarkable growth” and opening up new opportunities for deepening cooperation, he said.

He also highlighted the city’s role as the largest source of offshore yuan, which Russia had increasingly turned to for foreign trade in recent years.

Hong Kong’s bilateral trade with Russia climbed to US$5.8 billion last year, up 50.9 per cent from 2022, according to official data. Exports surged by 123 per cent, while imports were up 11.2 per cent.

To boost trade and business ties further, Kargapolov hoped Hong Kong could host economic events focused on member countries of the Commonwealth of Independent States (CIS), which comprised most of the former Soviet Union states in Central Asia and Eastern Europe.

He noted the Hong Kong government had begun paying more attention to countries in the Asean bloc, or the Association of Southeast Asian Nations, and the Middle East, and said that Russia could also supplement the development of the city.

“This will help to extend the economic cooperation between CIS countries and Hong Kong, and with Russia in particular,” he said.

Dmytro Kuleba, Ukraine’s foreign minister, in July urged Chief Executive John Lee to prevent Russia from using Hong Kong to evade Western restrictions. Photo: Reuters

 

Russia’s exports to the city mainly consisted of precious metals such as silver and platinum, as well as pearls and other precious stones, according to Trade Development Council data.

Kargapolov said there was “huge interest” from Russian companies hoping to send agricultural and food products to the city for re-export to Asean countries and the mainland.

Hong Kong also had unique advantages within the framework of the Greater Bay Area, linking the city with Macau and nine cities in Guangdong province, including its international connectivity, financial infrastructure and common law legal system.

Kargapolov said Hong Kong’s position as a research and development hub also offered new opportunities for cooperation in areas including artificial intelligence and fintech such as banking software.

Lighter side

What surprised you most about Hong Kong when you first arrived?

I was surprised that on such a small piece of land you managed to build great transport infrastructure and business infrastructure. It is a city that combines and embraces everything active people would wish to have.

In a small area everything is accessible. In 20 minutes I can go from the office to the trail to go hiking. I also can enjoy the seashore.

Do you have a favourite local dish?

I like the seafood. Sometimes I go to the wet market, buy some fish and cook it myself. In Moscow, we have mostly frozen products.

But here, you can have a fresh catch and I can treat my family to some dishes.

Where do you usually take guests when they visit Hong Kong?

No 1, we take them to The Peak. No 2, we take them to the [Big] Buddha. No 3, we take them to Tai Kwun because it is an iconic place – the architecture, heritage, cuisine.

If this is not enough, we take them to Tai Po, the fishing village, and we take a boat ride to see the dolphins. We are not lucky every time, but I have seen them.

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This article originally appeared on the South China Morning Post (www.scmp.com), the leading news media reporting on China and Asia.

Copyright (c) 2024. South China Morning Post Publishers Ltd. All rights reserved.

Politics

President Tinubu Transmits to The Senate Lists Of Ambassadorial Nominees

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President Bola Tinubu has transmitted to the senate two lists of 34 career and 31 non career ambassadors nominees for screening and confirmation.

Prominent names listed as non career ambassadors include Reno Omokri, Femi Fani-Kayode, Gen. Abdulrahman Dambazau, Victor Ikpeazu and Ifeanyi Ugwuanyi.

Also listed as non career ambassadors nominees are Prof. Mahmood Yakubu, Vice Admiral Ete Ibas, Senator Jimoh Ibrahim, Senator Nora Daduut, Fatima Ajimobi, and Senator Ita Enang among others.

The two lists brings to 68 number of persons nominated so far as ambassadors awaiting confirmation by the Senate.

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PRESIDENT TINUBU FORWARDS NEW AMBASSADORIAL LIST TO SENATE, NOMINATES DAMBAZAU, IBAS, CHIOMA OHAKIM AND OTHERS

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By Prince Uwalaka Chimaroke
4-DEC- 2025

President Bola Ahmed Tinubu has submitted a fresh set of ambassadorial nominations to the Senate, featuring a mix of distinguished public figures and seasoned professionals drawn from across the country.

Among the notable nominees are former Chief of Army Staff and ex-Minister of Interior, Abdulrahman Dambazau; former Chief of Naval Staff and immediate past sole administrator of Rivers State, Ibok-Ete Ekwe Ibas; former senator Ita Enang; and Mrs. Chioma Ohakim, former First Lady of Imo State.

The President formally transmitted two comprehensive lists containing 34 career and 31 non-career ambassadorial nominees, bringing the total number of nominees awaiting Senate confirmation to 68.

The newly submitted lists mark another significant step in the administration’s ongoing diplomatic restructuring, aimed at strengthening Nigeria’s representation and presence across global missions.

The Senate is expected to commence screening and confirmation proceedings in the coming days.

 

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Politics

I’m Not Playing Politics with Nnamdi Kanu’s Release – Gov Otti Replies Chief Ogbonna

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Our attention has been drawn to a statement credited to a Former Commissioner for Local Government and Chieftaincy Affairs in Abia State, Chief Charles Ogbonna, wherein he called Governor Alex Otti unprintable names and also alleged that Governor Otti didn’t visit President Tinubu to discuss the issue of Mazi Nnamdi Kanu, but to plan on how to defect to the APC, among other childish verbal attacks.

Chief Ognonna has been unleashing unprovoked verbal venom and vituperation on the Governor, but we chose to ignore him, not only because we have been busy with the task of governance, but because we also know that he is traumatised by the obscurity he was plunged into after the 2023 general election and felt he should be allowed to experience some healing that could help normalise his reasoning.

 

Ordinarily, we would have still ignored Chief Ognonna’s latest idle tirade and allow him delude himself with fantasies of fury, but because the Nnamdi Kanu issue is both sensitive and very important to this government, we felt we should respond and put the records straight.

 

In continuation of Governor Otti’s efforts aimed at securing Kanu’s release, the Governor subsequently had a meeting with the President after visiting the IPOB leader at the Sokoto Correctional Centre on Sunday, November 30 2025. This is in continuation of earlier meetings the Governor had been having with the FG on this matter in the past two years.

The issue of Kanu was the only subject matter that took Governor Otti to Aso Rock and to the Glory of God, the meeting was both positive and fruitful, as the President was so gracious and generous.

 

Chief Ogbonna’s allegation of Governor Otti going to lobby to join the APC is both petty, ignoble, laughable and very irresponsible. At the risk of sounding immodest, any political party Governor Otti chooses to join today would roll out the drums and red carpet to welcome him with joy and excitement. If anything, many notable and respected APC leaders are not just desirous of having him in their fold, but are strongly appealing to Governor Otti to join their party because they know that he is not a liability.

 

Ogbonna accused Otti of betrayal, but he didn’t say who Otti betrayed, how and when.

 

He claimed that Otti doesn’t have capacity, yet Otti defeated him in his Polling Unit, Ward and LGA where his PDP Candidates from House of Assembly to President lost woefully.

 

He accused Governor Otti of inconsistency, yet he abandoned Alhaji Atiku Abubarkar less than 48 hours after the result of the Presidential Election was announced, in spite of the empty noise and boast he made about the PDP’s Presidential Candidate, all for Atiku’s money when it was needed and available.

He alleged that Governor Otti is playing politics with Nnamdi Kanu, yet, he is angry that the Governor is engaging the FG to secure Kanu’s freedom. Is there anything more contradictory and ridiculous than Ogbonna’s utterances?

 

At this point, the general public needs to know the genesis of Chief Ogbonna’s anger and aggression.

Having acquired Agbozu Cocoa Plantation when he was in government, the present government decided to reclaim the Plantation which was yielding nothing to the state under Charles Ogbonna. In line with Governor Otti’s policy of operating a government with human face, which sees him pay compensation so as not to hurt any citizen or investor, he approved a compensation package which was paid to Chief Ogbonna. He was excited and full of thanks and appreciation to Governor Otti for the gesture, because he knew he didn’t deserve it. Unfortunately and in line with his insatiable quest for power and money, he thought that another opportunity had opened for him to surreptitiously sneak into the government as he later nominated his son to be appointed by Governor Otti. The Governor flatly declined the request and subsequently appointed another person from the same Ogbonna’s Community, a development that made him feel slighted, diminished and broken and has since then gone out of control, throwing tantrums and hoping to be invited for settlement.

 

Chief Ogbonna’s problem, like some of his co-travellers is his failure to wake up from his slumber and realise that the era of ruins is over and that Abia has moved forward, never to be dragged back.

His primitive arrogance and mediocre mindset that limit his understanding of government and governance to political appointments, settlement and sharing of public funds without service to the people has so blinded him to the extent that he attacked the Governor recently for awarding the badly broken Umuahia-Ikot Ekpene road, claiming that the FG had aleady awarded it and thus should not be awarded by the Governor. How could any human being with conscience prefer that his people continue to suffer and die in their numbers just because he feels that building the strategic road would earn the Governor a huge political capital? Ogbonna needs to be reminded that such evil mindset has no place in the New Abia.

 

Even though Ogbonna’s character deficiency doesn’t position him for any modicum of respect, however, having advanced in age, he is expected to conduct himself honourably and responsibly so as not to attract insults to himself.

 

Finally, Ogbonna needs to be educated that one of the hallmarks of a great leader is his ability to apply wisdom, emotional intelligence and deploy the instrument of diplomacy in solving problems that have the propensity to impact the security of life and property of the people negatively if handled wrongly.

Governor Otti didn’t campaign with Mazi Nnamdi Kanu’s name in 2023, and doesn’t need to campaign with his plight for 2027, however, he strongly believes that resolving the problem of Kanu’s conviction is one of the ways to achieving peace, security and healing in our land. Unfortunately, Chief Ogbonna is not grounded, both in character and knowledge of the ingredients of modern leadership, hence his kindergarten politicisation of Governor Otti’s engagements with the FG and visit to the President.

Now that Ogbonna has become an errand boy in the APC, he needs to be reminded that he can pursue his stomach agenda without necessarily carrying out this misplaced aggression against Governor Otti, because it makes him look more pathetic than he can ever imagine.

 

Ferdinand Ekeoma

Special Adviser to the Governor

(Media and Publicity)

December 4, 2025.

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