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Chinese tech companies reduce their business with Russia

Chinese tech companies reduce their business with Russia

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

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

The list includes PC giant Lenovo, the smartphone maker, and Tools xiaomi, the sources said to the publication. DJI Technology, the popular drone maker, announced the suspension of its business last month, both in Russia and Ukraine.

China has increased the number of measures to combat foreign sanctions, including rules that could compel Chinese companies not to comply with foreign sanctions, given Russia’s invasion of Ukraine in February. Beijing considers the economic sanctions “unjustified”.

Major US chip companies, which export their products from Chinese companies, are pushing customers to abide by the rules and to ensure that the materials “do not end up in third-party merchandise shipped to Russia in violation of the rules.”

In April, China’s Ministry of Commerce acknowledged that sanctions imposed by the United States and its Western allies have disrupted China’s trade with Russia, but urged companies “not to succumb to external coercion and make inappropriate external statements.”

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