Russian businessmen in anticipation of the summer of banking sanctions of the West ceased to borrow in Europe and the USA. The new source of borrowing firms became China. Some fresh information of the Central Bank, the difference between borrowed and repaid by means of Russian firms in the United States decreased from 139 million in the first quarter of 2013 to 44 million in the first quarter of 2014. Characteristics of the loans in the States of Europe, which have been the traditional capital markets for domestic firms, decrease in 10s of times, in some States the balance on external borrowing was negative. Firms already in the early years began to look for new sources of loans. The choice mainly fell on the China - Russian business in the first quarter of 2014 has attracted 13,16 billion, against 32 million for the similar period last year. The main borrowers in China were "Rosneft", "Gazprom", they accounted for about 90% of that amount, according to "Izvestia". In addition, the top three most attractive for Russian companies States entered Luxembourg and Japan. And if the balance of borrowings in Luxembourg for the year decreased from $ 4.2 billion to $ 652 million, but remained positive, in the land of the rising sun, it increased significantly from $ 10 million to 435 million dollars. According to reliable information specialists, the shift towards emerging markets (China, Japan) Russian business still was predictable in light of the number of events is a matter of Snowden (which in the sheltered only Russia), the Syrian crisis (which was resolved almost also in favor of the Russian Federation) and, in the end, the Ukrainian crisis. The main borrowers remain oil and gas company, which occupies a leading position in the Russian economy. However the result of the Asian credit factor should not be overestimated, experts are convinced: the speech that China and Japan began a massive lending to all sectors of Russian industry, replacing credit a lot from Western Europe can not go. The volume of cash transactions in South-East Asia will be in the foreseeable future to grow, but not sudden pace convince professionals. It has its own reasons - first of all not very great experience of these countries in the long-term lending to large overseas, such as infrastructure projects. And constant reduction of lending in Western Europe for the Russian corporate sector is more than deadly. However this factor has important advantages, including the chance to drastically greatly improve the quality of corporate balance sheets in Russia.