Chinese smartphone maker Honor has stopped shipments to Russia over fears of secondary sanctions for Moscow’s invasion of Ukraine, the Vedomosti business daily reported Thursday.
Honor halted deliveries to Russia as early as March without an official announcement, the publication cited two unnamed industry sources saying.
According to Vedomosti, Honor could be seeking alternative routes to resume shipments into Russia via former Soviet countries.
It has reportedly reached a distribution deal with Uzbekistan to deliver Honor smartphones under the Russian government’s so-called “parallel imports” scheme and is seeking partners in Armenia and Georgia.
“This format of risk minimization, taking into account the possible negative consequences of secondary sanctions, looks the most logical,” Mikhail Burmistrov, CEO of the market research firm Infoline-Analytics, told Vedomosti.
“Reducing risks when working with Russia and limiting supplies without any loud statements is the policy of many Chinese companies now,” Burmistrov said.
