Chinese tech firms pull out of Russia: report https://thehill.com/policy/international/3479807-chinese-tech-firms-pull-out-of-russia-report/ Chinese tech firms are leaving Russia amid crippling sanctions the international community has put on the region, people familiar with the issue told The Wall Street Journal. Tech companies such as Lenovo Group Ltd. and Xiaomi Corp. are restricting shipments to Russia as sanctions have made it difficult to operate financially in the country, sources told the outlet. A number of Chinese companies have avoided publicly announcing why they are pulling business from Russia after the Chinese government said businesses had to fight against Western sanctions. China’s Ministry of Commerce told companies in April “not to submit to external coercion and make improper external statements,” according to the Journal. SZ DJI Technology Co. is one of the few Chinese companies that said they will be halting business in Russia and Ukraine until further notice. After Russia’s invasion of Ukraine, there was an exodus of Western companies who were condemning Russia’s attack. However, Chinese companies have a hard line to toe, as China is one of the few nations that have stood by Russia’s side. China has refused to put Russia at blame for the war and has condemned the West’s response to isolate Russia. Despite the condemnation of the West, companies have had to work to stay in compliance as U.S. chip businesses have threatened not to supply Chinese companies if they don’t abide by international sanctions, the Journal noted.
Wow, with a strong ruble the Russians are going to be up their arse in consumer goods that they have ordered on Amazon from around the world. OR NOT. Heh, the only consumer goods they gonna have is whatever they picked out of the rubble at their granny's house in Ukraine after they raped and killed her.
at the Greenwich car show a few years ago an authentic KGB car was accepted snd sitting next to multi million dollar Bugatti’s.
I remember being driven around in a Niva 4x4 in the South of France when I was a teen in the '80s and it seemed perfectly OK, far more modern than the seriously out of style Riva, the butt of many jokes. Not a car I'd trust in a desert in Africa mind you.
Lada stopped making all cars right now. They are planning to start in some months, making 1970s models. Maybe. And obviously revamping the assembly lines will take much longer, and no robots, so all this will be hand labor.
A man walks into a Lada dealership ... and says, "I'd like a hubcap for my Lada," so the dealer says: " that sounds like a fair swap."
Russia is making money today After only 4 months, Russia's federal budget has now already received 50% of the planned oil and gas revenue for 2022