Huawei increased its investment in Russia after the US slapped the Chinese telecoms giant with sanctions last year, Huawei founder Ren Zhengfei said.
“After the United States included us in the Entity List, we transferred our investment in the U.S. to Russia, increased Russian investment, expanded the Russian team of scientists and increased the salary of Russian scientists,” Hong Kong-based newspaper South China Morning Post cited Zhengfei as having said on a tour of Chinese universities last month.
The “Entity List” contains more than 100 Chinese companies the Donald Trump administration has deemed a threat to U.S. national security. It is the same list that the US used to introduce sanctions on Russian firms following the annexation of Crimea.
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