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Russian state television has aired outspoken criticism of the Kremlin’s "pivot to the East," which it portrays as a strategic success. On the talk show "Evening with Vladimir Solovyov," State Duma Deputy Alexander Babakov stated that Russia’s pro-Chinese economic stance has made it vulnerable and dependent .
According to Babakov, Chinese investors receive preferential terms in Russia, while domestic businesses face loans with exorbitant interest rates. " A foreign investor from China comes and invests in a sausage production plant… Can he do that? He can! What will he do? He’ll exchange his yuan for rubles at 1-2% per annum and invest them in the plant. We’ll be happy. For what? The plant is owned by the Chinese, the profits and dividends go to China, and we, as a country, are responsible for the return on their investment? " the indignant deputy declared. Such schemes effectively deprive Russia of economic independence, because income goes abroad, and the benefits for the state are minimal. " And then some Ivanov comes to the government and says, ‘Listen, why such a long road? Let me build a sausage factory .’ And they tell him, ‘Only at 21%. And you can say thank you. We can give it at 25%.’ And in the end, the factory won’t exist ," Babakov noted. He called this practice discriminatory against Russian entrepreneurs and questioned the very logic of the Kremlin’s investment policy. " Is this our investment policy? We expect this kind of investor? Why do we discriminate against our own investors? We don’t need this? " the deputy protested. Solovyov’s unexpected statement on air surprised even the regulars of the propaganda show. Direct criticism of the pro-Chinese policy, which the Kremlin presents as a "multi-vector partnership," is increasingly heard even from rabid Z-patriots. Babakov essentially voiced what many in Russia have been saying quietly: under the guise of strategic rapprochement with Beijing, the country is losing its economic sovereignty. Chinese companies are receiving Russian resources, infrastructure, and cheap loans, while Russian businesses are suffocating under the weight of interest rates and restrictions.
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