Exports of telecommunications network equipment from China decreased by 98%.
China halved technology exports to the Russian Federation after government sanctions USA. US Commerce Secretary Gina Raimondo said Beijing is wary of violating trade bans.
Writes about it The Washington Post.
Thus, the volume of deliveries of laptops from China to Russia in March fell by 40% compared to the previous month, and the export of smartphones fell by two-thirds. In addition, exports of telecommunications network equipment from China decreased by 98%.
So far, Beijing has neither officially denied nor confirmed its intention to help Russia bypass Western sanctions. In turn, the United States may impose restrictions on the sale of technology to Chinese companies.
As UNIAN previously reported, state oil refineries Chinese companies avoid new contracts with Russia for the processing of raw materials. However, they are going to fulfill the conditions under existing contracts.
March 17 The National Bank of Ukraine turned to Chinese payment systems China UnionPay and UnionPay International with a call to exit the Russian payment market. In particular, the NBU urged to stop servicing all transactions with China UnionPay and UnionPay International payment cards both on the territory of the Russian Federation and issued by banks from the Russian Federation outside of it.
In its turn US threatens China with massive sanctions and export controls. Washington saw signs that the People’s Liberation Army of China is supporting the Armed Forces of the Russian Federation.
Wherein Kyiv invited Beijing to act as one of the guarantors security.