- Most Chinese tech firms appear to be maintaining a business-as-usual approach in Russia, despite facing a host of challenges related to the enforcement of Western sanctions.
- Chinese firms that continue doing business in Russia could face secondary sanctions, the risk of reputational damage, and loss of business due to ethical and ESG concerns.
The response of Chinese tech companies to Russia’s continuing war in Ukraine is coming under increasing scrutiny both at home and internationally. Chinese tech companies doing business in Russia include: mobile device producers Xiaomi and Oppo; cloud service providers Alibaba and Tencent; telecoms and IT infrastructure providers such as ZTE, Inspur, and Huawei; semiconductor producer SMIC; and PC manufacturer Lenovo.
Officially, China remains committed to maintaining ‘normal trade co-operation’ with Russia. In response, most Chinese tech companies appear to be maintaining a business-as-usual approach, despite facing a host of challenges related to the enforcement of Western sanctions against Russia and its ally, Belarus. Continue reading “Russia’s Invasion of Ukraine Has Created a Host of Economic, Political, and Ethical Risks for Chinese Tech”