Contents tagged with China
-
Chinese electric vehicle manufacturer Zeekr to disable software on EVs exported to Russia without authorization
In a move to counteract unauthorized exports, the top Chinese electric vehicle manufacturer in Russia, Zeekr, will start blocking the software of models that were intended for the domestic Chinese market, as reported by The Moscow Times. The cars in question were exported without the company's consent. An industry insider revealed that such vehicles could constitute up to a third of Zeekr's market in Russia.
Zeekr had notified its partners back in June about its plans to remotely disable …
-
Zelensky criticizes China and Brazil’s peace proposal as favoring Russia
According to Zelensky, the political statement in question was made without consulting Ukraine. He also questioned the "political conciliation" proposals with Russia, which he finds unclear.
"Conciliation of what? What does it mean to just sit down and talk? (with Putin - editor's note). He is a killer... He needs to take steps to show that he wants to end the war. You can't just say we need to take steps towards each other. What 'each other'? He invaded, killed people, seized territory, and …
-
Russia and China begin extensive military drills spanning two oceans and three seas
Russia's Ministry of Defense has announced the commencement of the strategic military exercises dubbed "Ocean-2024." The drills span the Arctic and Pacific Oceans as well as the Mediterranean, Caspian, and Baltic Seas, as detailed in a statement released Tuesday, September 10.
These extensive exercises involve over 90,000 personnel and feature more than 400 combat ships, submarines, and support vessels. In addition, more than 120 aircraft and helicopters from the Naval Fleet and Aerospace …
-
Russian producers warn of economic threat: Chinese steel inundates domestic markets
Major Russian metallurgical firms, including Severstal, NLMK, and MMK, have expressed growing concern over the influx of Chinese steel imports into the Eurasian Economic Union (EAEU) and are pushing for the extension of anti-dumping duties on Chinese products, reports the Russuan newspaper Kommersant. Already hampered by Western sanctions, Russian metallurgists now see China aggressively targeting their internal market. This expansion poses a significant threat to the positions of Russian …
-
China and Russia to conduct North-Joint 2024 military exercises amid heightened strategic cooperation
In a significant display of military collaboration, China and Russia are set to conduct joint military exercises later this month named North-Joint 2024. The exercises will take place in the skies and in the waters of the Sea of Japan and the Sea of Okhotsk, the Chinese Ministry of Defense announced Monday.
Naval and air forces from both countries will participate in these drills. According to the announcement, the objective of these exercises is "to deepen the level of strategic cooperation …
-
Russia alarmed as Ukraine continues importing DJI drones despite China's export restrictions
Tensions are soaring in Russia as Ukraine persistently acquires DJI drones, even though China officially opposes their use in the conflict.
Russian authorities have discovered how the Ukrainian Armed Forces (AFU) managed to equip their troops with Chinese-made Mavic drones. Despite Beijing's official stance against the usage of domestically produced drones in the Russia-Ukraine war, Ukraine has found ways to procure these drones to bolster their UAF, reports RIA Novosti.
The Russian news …
-
New payment verification requirements hamper Russian imports of Chinese goods
Russian buyers importing Chinese goods are encountering new challenges, as Russian banks now require written guarantees of payment acceptance for transactions with China. According to a report from Russian newspaper Vedomosti, Russian banks that still manage to send money to China are demanding written assurances from importers that the payments will be accepted. This has created complications for buyers of Chinese products in Russia.
Vedomosti's sources indicate that Chinese suppliers must …
-
Chinese exporters demand prepayment from Russian clients amid sanction-driven economic shifts
In a significant development, Chinese exporters have suspended shipments to Russia without prepayment, a stark shift from prior practices. This move reportedly comes in response to sanctions against Russia, reports Izvestia, citing Vadim Filatov, President of the Association of Automobile Cargo Carriers and Forwarders.
According to Filatov, Russian companies that previously enjoyed trusted credit terms now face unprecedented challenges due to payment reversals. Additionally, new Russian …
-
UAE banks begin blocking payments made by Russian companies for electronics bought in China
In August, banks in the United Arab Emirates (UAE) began blocking payments for electronic components and consumer electronics purchased by Russian companies, according to a report published on Wednesday, August 28 by the Russian business daily Kommersant.
The payments are reportedly blocked even in cases where the goods do not enter the UAE.
"Russian organizations have been using UAE-based companies as intermediaries to transfer funds for electronics to China, with the goods directly shipped …
-
China and Saudi Arabia halt crucial MDI chemical shipments to Russia amid sanctions
In a significant development, China and Saudi Arabia have stopped the supply of irreplaceable chemical products to Russia. Currently, Russia is entirely dependent on imported MDI, especially following the European Union's 14th sanctions package.
According to the Polish newspaper Rzeczpospolita, Chinese giant Wanhua Chemical Group and Saudi firm Sadara Chemical have ceased shipments of isocyanates (MDI) to Russia. This chemical is crucial in sectors like automotive, construction, and household …