WSJ: Chinese Lenovo and Xiaomi are secretly shutting down business in Russia in order not to fall under sanctions

WSJ: Chinese Lenovo and Xiaomi are secretly shutting down business in Russia in order not to fall under sanctions

Despite the calls of the Chinese authorities not to succumb to the influence of the West, led by the United States, Chinese companies are still following the lead.

Many Chinese manufacturers of equipment stop working on the Russian market. The reason for this is the pressure of US sanctions.

According to the columnist of The Wall Street Journal, China’s IT companies do not officially declare their departure from Russia, but they actually reduce the supply of products to the Russian Federation.

Lenovo Group Ltd. and Xiaomi Corp. have already been included in the list of such companies.

Despite the calls of the Chinese authorities not to succumb to the influence of the West, Chinese companies led by the United States are still following their lead.

It is known that equipment suppliers to Chinese companies put forward a demand not to supply goods with microchips produced by them to the Russian Federation, threatening appropriate measures in case of violation of the regulations. For example, disconnect from the software.

As a result, in March, as the publication reports, Lenovo stopped supplying its products to the Russian Federation.

Xiaomi products have stopped completely deliveries only in the last couple of weeks, although there was a slight reduction in volumes earlier.

But the drone manufacturer SZ DJI Technology Co has officially announced the suspension of the supply of products and activities in Russia and Ukraine.

The reason for this decision was the accusations against the company about the alleged supply of equipment for the Russian special operation.

Earlier, Topnews wrote that China called Russia’s toughest response to Western sanctions.

Источник topnews.ru

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