Sputnik — Huawei Moves US Investments to Russia to Avoid Sanctions Crackdown

Summary:
Huawei has dramatically ramped up investment in Russia due to US restrictions against the tech giant, CEO Ren Zhengfei has said. “After the United States included us in the Entity List, we transferred our investment in the United States to Russia, increased Russian investment, expanded the Russian scientist team, and increased the salary of Russian scientists,” Ren said in a recent speech to Chinese universities, his comments cited by Shanghai Jiao Tong University on Sunday.... Sputnik InternationalHuawei Moves US Investments to Russia to Avoid Sanctions Crackdown

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