According to the Financial Times, new sanctions may be imposed against the Chinese company Huawei for expanding cooperation with Russia. In addition, sanctions could also be imposed on Xiaomi, which until now has successfully avoided aggravating relations with the United States.
According to the publication, Huawei is hiring engineers from different cities of Russia, and has also expanded opportunities for sales and business development in Moscow. In addition, in the first half of March, sales of Chinese smartphones in Russia grew by 300%.
Earlier, the United States banned the supply of electric vehicles, alcohol, tobacco products, cosmetics, clothing and other things to Russia (a total of 570 items). Such products may be imported only after obtaining appropriate approval from US regulatory authorities. In addition, there is always the question of goods that are produced using American equipment and / or technology. Huawei and Xiaomi smartphones also fall into this category.
Kevin Wolf, a former US Commerce Department official, said Chinese companies “cannot legally import products into Russia.”
Source: ixbt
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
