Chinese tech giants privately refuse to work with Russia - WSJ

07 May 2022, 07:49 | Economy
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Chinese tech giants like Lenovo and Xiaomi are privately refusing to do business with Russia because they don't want to be subject to Western sanctions.. It is reported by the Wall Street Journal, referring to traders.

Given the position of official Beijing in relation to Western sanctions, Chinese companies do not make public statements about stopping trade with the aggressor who unleashed a full-scale war against Ukraine.

Among the companies quietly halting deliveries to Russia is Lenovo, the world's largest personal computer maker and the second seller of devices in Russia last year.. The company stopped deliveries shortly after Russia launched a war and foreign sanctions came into force - only some stocks of products can still be sold in the country.

Xiaomi, Russia's second seller of phones, also cut deliveries to Russia. One of the distributors operating in the region stated that there were no deliveries at all in recent weeks.

China's tech exports to Russia plummeted in March, with laptop shipments down more than 40% in the month, smartphone shipments down more than 60%, and telecom base station exports all but halting, down 98%, according to the latest Chinese government data..

In turn, China's total exports to Russia fell by 27% during the two months of the war in Ukraine..

The reason for the stoppage of exports is the requirements of large manufacturers from the United States, which supply chips to companies in China.. American companies insist on Chinese compliance with sanctions so that American semiconductors do not get into the Russian Federation, violating restrictions. As previously reported, the tech giant Apple has suspended the sale of its products in the official online store in Russia..




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