Chinese tech companies cut business with Russia

Chinese tech companies cut business with Russia

According to US newspaper “The Wall Street”, Chinese technology companies have quietly reduced their deals with Russia, a neighboring country seen as a political ally of the Chinese government, Xi Jinping. magazine,

Despite Beijing’s calls for companies to resist “foreign coercion”, it has come under pressure from US sanctions and suppliers.

The list includes PC giant Lenovo Group and smartphone makers and . Are included gadget Xiaomi, sources told the publication. The renowned drone maker, the DJI technology giant, last month announced the suspension of its business in both Russia and Ukraine.

In the wake of the Russian invasion of Ukraine in February, China has increased the number of measures to deal with foreign sanctions, including rules that could force Chinese companies not to comply with foreign sanctions. The economic sanctions are considered “unfair” by Beijing.

Major US chip companies, which source their products from Chinese companies, are pushing customers to comply with regulations and ensure that ingredients “do not end up in third-party goods shipped to Russia in violation of the regulations”. it occurs.”

In April, China’s commerce ministry acknowledged that sanctions imposed by the United States and allied Western countries had disrupted China’s trade with Russia, but urged companies “not to submit to external coercion and make unreasonable external statements”. requested.”

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About the author: Sarah Gracie

"Proud social media buff. Unapologetic web scholar. Internet guru. Lifelong music junkie. Travel specialist."

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