Lenovo and Xiaomi go to sleep

Chinese companies are reducing sales of goods to Russia under pressure from US authorities and suppliers. They do not make statements about leaving or limiting their activities in Russia.
09.05.2022
RBC
Origin source
Chinese technology companies are gradually and without announcement leaving the Russian market in order not to fall under sanctions, The Wall Street Journal writes, citing sources. Among such companies are Lenovo and Xiaomi, which are reducing supplies to Russia.

According to the publication, American suppliers of equipment for Chinese companies are putting pressure on them, demanding that the microcircuits they produce should not be used in goods supplied to Russia.

China's Ministry of Commerce in April urged companies not to be influenced by others and not to make "inappropriate statements." Basically, Chinese manufacturers leave the Russian market without announcements, but there are exceptions - for example, drone manufacturer DJI officially announced the suspension of business operations in Russia and Ukraine.

According to the publication, citing data from the Chinese government, exports of technological products from China to Russia in March decreased significantly compared to February: shipments of laptops fell by more than 40%, smartphones - by almost two-thirds, telecommunications base stations - by 98%. In general, exports from China to Russia fell by 27%. The newspaper points out that the volume of China's trade with other countries of the world has also decreased due to the lockdown in Shanghai.

Many countries have expanded sanctions against Russia after the start of military operations in Ukraine. The United States, in particular, imposed trade restrictions that affected, among other things, the export of high-tech products to Russia.

In March, White House spokeswoman Jen Psaki said that Washington would take action against Beijing if it did not comply with anti-Russian restrictions imposed by Western countries. In April, State Department spokesman Ned Price warned China of the consequences of aiding Russia, including bypassing sanctions.

On April 2, Wang Lutong, Director of the European Department of the Chinese Foreign Ministry, assured that Beijing did not deliberately circumvent the sanctions imposed on Russia, but maintained normal trade relations with it. Chinese authorities consider anti-Russian sanctions counterproductive.

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