Lenovo, Acer, Asus disregard U.S. economic sanctions, continue to sell computers in Russia

[Correction: CRN has updated this article in the wake of new information from the Yale School of Direction. The Yale report is not claiming that Lenovo, Acer and Asus defied U.Southward. sanctions.]

Chinese tech behemothic Lenovo Inc. – forth with Taiwan PC makers Acer and Asus – received an F grade for continuing to practice concern in Russia later its invasion of Ukraine in a new Yale School of Management written report.

Lenovo has not returned phone calls and messages seeking annotate since CRN first reported on the matter final calendar month. Lenovo’due south own Russian Landing folio is up and operational and appears to be offering a discount this week.

“Lenovo’s silence has been disappointing considering its position as one of the leading PC companies in Russian federation with significant marketplace share,” Steven Tian, research director of the Yale Chief Executive Leadership Found and one of the report authors, told CRN. “Peer Chinese companies such as Didi accept suspended operations in Russia even so not Lenovo, while industry peers such as Dell have also suspended operations. The visitor has repeatedly dodged several requests for comment while continuing to do concern. …not only is Lenovo conspicuously operational in Russia, information technology is even offering coupons for this calendar week’south purchases.”

The report grades companies on how far beyond official authorities sanctions they are going in efforts to create economic consequences for Russia in the wake of its invasion of Ukraine.

“Everyone on this list follows sanctions,” said Tian, noting that this projection sees that as the bare minimum. “We’re non saying they’re in violation of the law. There might be an ethical violation, not a legal violation.”

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Simply following U.S. sanctions gets companies nothing more than an F grade on the listing, said Tian. “Information technology’south bang-up that companies are post-obit U.S. sanctions, simply that is what every company has to do,” he said. “It is legally required. Nosotros give companies zero credit for following sanctions. If a company puts out a statement saying they are following sanctions, that is an F in our book. The whole bespeak of our listing is to see which companies are voluntarily exceeding the scope of sanctions.”

Companies that accept pulled out of Russian federation completely are having a major touch on the Russian economy. In fact, Tian said, Yales estimates that those companies have resulted in a loss of $350 billion in economical activity or 25 percent of Russia’southward gross domestic product (Gross domestic product).

Lenovo did non return letters seeking comment. Acer and Asus also did not return messages seeking comment.

The report update is the latest from a enquiry group at Yale’s Schoolhouse of Direction focused on Russia measures how companies are dealing with Russia in the wake of its invasion of Ukraine. Several U.Southward.-based companies likewise fabricated the “digging in” portion of the list, receiving an F grade for doing no more than the blank minumum required by sanctions, including Koch Industries and Corning Inc.

CRN filed a Freedom of Information Act request with the U.S. Section of Commerce (Md) for any correspondence between the department and Lenovo company officials apropos the electric current Russia sanctions. Kietta Lockerman, a government information specialist with the DOC, said the department would only provide information based on specific records with specific names and dates. (CRN continues to request information and volition update).

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A spokesman with the Physician’s Office of Strange Nugget Control told CRN, “We await compliance from companies operating in China and elsewhere that make products that will be subject to the new Russia rules.” Citing an unnamed U.Due south. official, Bloomberg news reported that those who attempt to thwart sanction efforts face beingness sanctioned themselves and their executives could confront jail time.

Several Lenovo Partners declined to comment for this commodity, out of fear of reprisal. One solution provider offered comment on the condition of anonymity: “Estimator technology is actually the enabler to a lot of skilful things and a lot of bad things. As long equally Russia is able to go state-of-the-art engineering science, they are going to put information technology to bad use. Lenovo should terminate doing business there. At the end of the day, these computers take Intel or AMD processors and those are American companies – the supply chain starts here and they wouldn’t exist able to fifty-fifty deliver to Russian federation without us.”



Lenovo, Acer, Asus disregard U.S. economic sanctions, continue to sell computers in Russia

Source: https://www.crn.com/Lenovo-Acer-Asus-Get-F-Grade-For-Still-Operating-In-Russia-Yale-Report