There is speculation that Chinese telecom giant may be invited back to Russia to manage communications infrastructure if Nokia and Ericsson leave the country.

US Commerce Secretary Raimondo doubles down on threat to cut off access to US technology needed to make chips for any company helping Russia.

Washington's moves to tighten the screws on Moscow come as US and European officials accuse Russia of war crimes over its bombardment of civilians in Ukrainian cities

Raimondo said the US could “essentially shut” companies such as Semiconductor Manufacturing International Corporation or any Chinese company

Japan's Nikkei sinks 3.2%, Sensex opens 2.3% down, while the MSCI's broadest index of Asia-Pacific shares ex-Japan loses 1.6% and Chinese blue chips shed 0.8% amid a sea of red 

Capital Economics’ Mark Williams says China is unlikely to attempt to bale out Russia fearing it could become the target of sanctions itself

A China institute that advises the nation's top leaders says Western sanctions will end up hurting the US and Europe more than Russia itself.

SWIFT sanctions against Russia seen as an event that will curb use of the dollar. Shares of payment firms such as Newland Digital Tech, Lakala Payment and Client Service rose strongly

China is Russia's biggest trade partner for both exports and imports but has – so far, say White House officials – not come to Moscow’s rescue