The fifth Chinese company to withdraw from the Russian market

The number of Chinese companies that have suspended operations in the Russian market has now risen to five after drone manufacturer DJI’s decision to stop trading in Russia and Ukraine this week.

Russian and Ukrainian forces use DJI drones in their conflict in course, witnessing in operations ranging from general battlefield surveillance to providing coordinates of troop positions to provide accurate targets for artillery. The company, based in China’s Xinjiang, had previously expressed its opposition to the use of its products for military purposes, but said they were not able to disable individual devices in quest’ area according to a report by the American magazine Newsweek.

“DJI is re-evaluating compliance requirements internally. Pending the current review, DJI will temporarily suspend all commercial activities. in Russia and Ukraine, “the famous drone company said on its website on Monday web.

In March, Mykhailo Fedorov, the Ukrainian minister, asked DJI to stop selling its drones in Russia, which he claimed had been used by his soldiers for military purposes to kill civilians.

Last week the company, which has a large presence in Europe and North America said it “will never accept that its products cause harm”. It said its business partners have pledged “not to sell their products to customers who clearly plan to use them for military purposes and understand that we will terminate our business relationship with them if they cannot live up to this obligation.”

According to a list compiled by Yale School experts of Management, more than 750 companies have reduced their operations in Russia since Vladimir Putin ordered the military operation in Ukraine nine weeks ago. The team Research, led by Jeffrey Sonnenfeld, ranks companies in five categories, from those that still exist to those that have completely withdrawn from Russia.

No Chinese company on the list has withdrawn from the Russian market since February 24. In fact, most have remained and some have in plans to expand, and among the biggest familiar names are Alibaba, Alibaba, and tech companies Tencent and Xiaomi.

Most recently, UnionPay, the largest credit card brand in China has decided not to expand its presence in Russia, despite the gap left by the release of US Visa and MasterCard. UnionPay appears to be wary of possible secondary sanctions from the West, a prospect that makes Russia less attractive than accessing US or European markets.

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