Chinese tech firms pull out of Russia: report ...Middle East

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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,”

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