Russia's War in Ukraine Has Been a Boon for Chinese Companies

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Russia's war in ukraine has been a boon for chinese companies. The telecoms giant haway saw phone sales in russia rise 300% in the first two of march, just as western companies were suspending operations because of sanctions. But for waway, expanding further into russia is a tricky decision. If it chooses to take the opportunity and really sell into russia, and it can potentially cut off the rest of its business in the west.

The venerable venture capital firm, Sequoia Capital, has announced a change in leadership, Elon Musk has bought a nearly-10 per cent stake in Twitter, French president Emmanual Macron has called for a ban on Russian oil and coal.

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Mentioned in this podcast:

EU moves closer to boycott of Russian energy

Twitter/Elon Musk: social media star becomes social media owner

Huawei faces dilemma over Russia links that risk further US sanctions

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

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