Connect with us

Hi, what are you looking for?

News

China’s DJI halts Russia, Ukraine sales to prevent use of its drones in combat

SHENZHEN, China – Drone giant DJI Technology Co said it will temporarily suspend business in Russia and Ukraine to ensure its products are not used in combat, making it the first major Chinese firm to cite the conflict in halting sales in Russia.

Ukrainian officials and citizens have accused DJI of leaking data on the Ukrainian military to Russia – allegations the world’s largest maker of consumer and industrial drones has called “utterly false”.

In contrast to the many Western firms that have pulled out of Russia to protest its invasion of Ukraine, Chinese companies have stayed there, in line with Beijing’s stance of refraining from criticism of Moscow over the conflict.

A DJI spokesperson said on Wednesday its suspension of business in Russia and Ukraine was “not to make a statement about any country, but to make a statement about our principles”.

“DJI abhors any use of our drones to cause harm, and we are temporarily suspending sales in these countries in order to help ensure no-one uses our drones in combat.”

A company representative said last month DJI was aware of footage online that suggested the Russian military was using its products, but it had not been able to confirm this and the company had no control over the use of its products.

Russia calls its actions in Ukraine a “special operation” to disarm Ukraine and protect it from fascists. Ukraine and the West say this a false pretext for an unprovoked war of aggression.

Privately held DJI does not release financial information but research firm Drone Analyst has estimated that it had hardware revenue of $2.9 billion in 2020.

The conflict has put Chinese companies in a bind. Continuing to operate in Russia has drawn international criticism, but withdrawing would risk a backlash from the Chinese public.

In February, ride-hailing giant Didi Global DIDI.N reversed a decision to leave Russia and Kazakhstan after domestic social media users accused it of succumbing to U.S. pressure.

Telecoms equipment maker Huawei Technologies HWT.UL is also under scrutiny over whether it plans to stay in Russia. The company did not take any Russia-related questions at its annual analyst summit on Tuesday. – Reuters

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

A worker of Ayala Corp’s Integrated Micro-Electronics Inc. (IMI) solders an automotive computer component part at an electronics assembly line in Binan, Laguna south...

News

MARI GIMENEZ-UNSPLASH THE NATIONAL Government plans to borrow P200 billion from the domestic market in July, the Bureau of the Treasury (BTr) said on...

News

SCOTT GRAHAM-UNSPLASH PHILIPPINE PRESIDENT Rodrigo R. Duterte has signed an order updating the list of investment areas where foreign ownership is limited or barred....

News

ETIENNE GIRARDET-UNSPLASH WHOLESALE PRICES of building materials in Metro Manila jumped to their highest in more than a decade in May as construction activities...

News

MAYNILAD Water Services, Inc. targets to distribute starting in July up to 10 million liters per day (MLD) of its “new water” or treated...

News

SOLAR Philippines Power Project Holdings, Inc. was able to forge contracts for at least 60% of the 10 gigawatts (GW) of energy capacity that...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.