Russia Insider— 8th Largest Bank in World Opening Operations in Russia. It's Chinese.

The Russian newspaper Kommersant reported yesterdaythat the Agricultural Bank of China is starting operations in Russia.

This is a big deal, because this bank is huge, the eighth largest in the world.

It's a sign of how quickly China will be able to fill the financing vacuum left by sanction, and an example of European companies losing markets to Chinese competitors.
It is also a sign that China is seriously interested in investing in Russia's enormous unrealized agriculture potential. China, a net food importer, has been scooping up agricultural deals around the world, competing for scarce crop lands.

Russia Insider
8th Largest Bank in World Opening Operations in Russia. It's Chinese.

See also, ‘Non-Sanctioned’ Countries Rush To Meet Demand In Russian Food Market