Chinese Tech Giants Quietly Retreat From Doing Business With Russia
Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coercion.
Several major companies are curtailing shipments in Russia, where Chinese tech firms dominate the market for many products, without making any public announcements, according to interviews with people familiar with the matter.
They include PC giant Lenovo Group Ltd. and smartphone and gadget maker Xiaomi Corp., the people said. In contrast to many Western firms, the companies have avoided making public statements about Russia’s war in Ukraine or their business there as Beijing opposes Western sanctions.
Source: WSJ #May06
https://www.wsj.com/articles/chinese-tech-giants-quietly-stop-doing-business-with-russia-11651845795
#Chinese #Russia #US #Sanction #Ukraine
Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coercion.
Several major companies are curtailing shipments in Russia, where Chinese tech firms dominate the market for many products, without making any public announcements, according to interviews with people familiar with the matter.
They include PC giant Lenovo Group Ltd. and smartphone and gadget maker Xiaomi Corp., the people said. In contrast to many Western firms, the companies have avoided making public statements about Russia’s war in Ukraine or their business there as Beijing opposes Western sanctions.
Source: WSJ #May06
https://www.wsj.com/articles/chinese-tech-giants-quietly-stop-doing-business-with-russia-11651845795
#Chinese #Russia #US #Sanction #Ukraine
Swiss set to match #EU sanctions if #China invades #Taiwan - agency chief
//The head of the Swiss agency that implements economic sanctions expects the neutral country to adopt any punitive measures the #EuropeanUnion launches against China if it invades Taiwan, she said in a newspaper interview.
China has been stepping up military activity around Taiwan seeking to pressure the democratically elected government there to accept Chinese sovereignty...
Asked by the Neue Zuercher Zeitung paper if #Switzerland would adopt EU sanctions against China in that case, State Secretariat for Economic Affairs (#SECO) Director Marie-Gabrielle Ineichen-Fleisch said: "I strongly believe that we would adopt such sanctions.//
Read more:
https://www.reuters.com/article/swiss-china/swiss-set-to-match-eu-sanctions-if-china-invades-taiwan-agency-chief-idINL8N2ZB097
Source: Reuters #Jul30
#ChineseInvasion #Sanction #CrossStraits
//The head of the Swiss agency that implements economic sanctions expects the neutral country to adopt any punitive measures the #EuropeanUnion launches against China if it invades Taiwan, she said in a newspaper interview.
China has been stepping up military activity around Taiwan seeking to pressure the democratically elected government there to accept Chinese sovereignty...
Asked by the Neue Zuercher Zeitung paper if #Switzerland would adopt EU sanctions against China in that case, State Secretariat for Economic Affairs (#SECO) Director Marie-Gabrielle Ineichen-Fleisch said: "I strongly believe that we would adopt such sanctions.//
Read more:
https://www.reuters.com/article/swiss-china/swiss-set-to-match-eu-sanctions-if-china-invades-taiwan-agency-chief-idINL8N2ZB097
Source: Reuters #Jul30
#ChineseInvasion #Sanction #CrossStraits
Congressional-Executive Commission on China (#CECC) published a statement in mid-July, urging Biden to sanction 15 named #NSL prosecutors and the new Secretary of Justice.
Hong Kong government strongly condemns the "threats" as "reasonable bullying acts", claiming the CECC violates international principles.
#Sanction #DOJ #GoHKgraphics
Hong Kong government strongly condemns the "threats" as "reasonable bullying acts", claiming the CECC violates international principles.
#Sanction #DOJ #GoHKgraphics
Russian Firms Turn to Hong Kong in Bid to Avoid Sanctions
Russian companies shut out of Western financial capitals are exploring Hong Kong as an alternative, stoking concern among US officials that the Asian hub will become a haven for businesses sanctioned over the war in Ukraine.
A number of major, including state-owned, Russian companies are seeking to engage with Hong Kong law firms to help anchor them in a “friendlier jurisdiction” than places such as New York and London, said Sherman Yan, a managing partner at Hong Kong’s ONC Lawyers.
Source: Bloomberg #Oct11
#Russian #HongKong #Sanction #Ukraine
https://t.co/de0ajFJ9Lt
Russian companies shut out of Western financial capitals are exploring Hong Kong as an alternative, stoking concern among US officials that the Asian hub will become a haven for businesses sanctioned over the war in Ukraine.
A number of major, including state-owned, Russian companies are seeking to engage with Hong Kong law firms to help anchor them in a “friendlier jurisdiction” than places such as New York and London, said Sherman Yan, a managing partner at Hong Kong’s ONC Lawyers.
Source: Bloomberg #Oct11
#Russian #HongKong #Sanction #Ukraine
https://t.co/de0ajFJ9Lt
US bars Hong Kong’s sanction-hit John Lee from APEC meeting in San Francisco – report
Washington will bar Chief Executive John Lee from the Asia Pacific Economic Cooperation (APEC) forum meeting in the US this November, along with ten other Hong Kong officials, the Washington Post reported on Friday citing sources. Lee is still under US sanctions.
The annual APEC CEO Summit 2023 will be held in San Francisco on November 15 and 16. The economic conference involves political leaders from the Asia-Pacific region. However, Lee is one of multiple Chinese officials who were sanctioned by the US in 2020 for their alleged role in cracking down on political freedoms in the city.
The move comes despite recent efforts by the Joe Biden administration to reset relations with Beijing.
Source：HKFP #Jul28
https://hongkongfp.com/2023/07/28/just-in-us-bars-hong-kongs-sanction-hit-john-lee-from-apec-meeting-in-san-francisco-report/
#HongKong #US #JohnLee #APEC #Sanction
Washington will bar Chief Executive John Lee from the Asia Pacific Economic Cooperation (APEC) forum meeting in the US this November, along with ten other Hong Kong officials, the Washington Post reported on Friday citing sources. Lee is still under US sanctions.
The annual APEC CEO Summit 2023 will be held in San Francisco on November 15 and 16. The economic conference involves political leaders from the Asia-Pacific region. However, Lee is one of multiple Chinese officials who were sanctioned by the US in 2020 for their alleged role in cracking down on political freedoms in the city.
The move comes despite recent efforts by the Joe Biden administration to reset relations with Beijing.
Source：HKFP #Jul28
https://hongkongfp.com/2023/07/28/just-in-us-bars-hong-kongs-sanction-hit-john-lee-from-apec-meeting-in-san-francisco-report/
#HongKong #US #JohnLee #APEC #Sanction