Fintech

China’s Huawei Plans to Leave Russian Market – Novinite

 

Chinese tech giant Huawei plans to leave the Russian market, according to a report by Novinite.com in Bulgaria, which cited Russia’s Izvestia and sources that said the company had “already completely stopped all direct deliveries to the Russian Federation of smartphones, as well as the import of tablets, laptops, TVs and other devices.”

It quoted sources as saying that Huawei stopped selling cellular base stations in the spring, following reports that the Chinese group scaled back operations to avoid Western sanctions imposed on Moscow because of the war in Ukraine and the closure of its official stores at the beginning of June.

The Izvestia report quoted Telecom Daily CEO Dennis Kuskov as saying “Huawei has moved its employees to Kazakhstan and Uzbekistan, and they will definitely not be returning in the near future.” But it noted that “there are at least three ways to import products of departed brands into the country” and that “Huawei does not exclude deliveries to Russia through distributors”.

Read the full report: Novinite.com.

 

NOTE: This report was updated with further details on November 1, 2022.

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.

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