The tension between Russia and Ukraine continues at full speed. While the ongoing war has left its first year behind, the failure to make any progress towards a ceasefire or peace agreement has negatively affected both countries. Ukraine is almost in ruins due to the ongoing conflict, while Russia faces isolation from the rest of the world and a large number of global companies, resulting in a serious economic downturn.
However, it is not only countries that are affected by this situation; neutral and multinational companies also suffer significant losses. Ukraine has recently Xiaomi He accused him of being an “International War Sponsor”.
Xiaomiunexpectedly Found in the middle of the ongoing conflict between Russia and Ukraine and serious charges were brought against the company. The National Agency for the Prevention of Corruption (NAZK) of Ukraine announced that Xiaomi has been added to the list of “International War Sponsors”. The Ukrainian government cited two main reasons for this decision.
Xiaomi Has Leading Sales Figures in Russia!
Authorities, He claims that Xiaomi remains active in the Russian market and has been a leading smartphone brand in the country since the conflict between Russia and Ukraine began. Although Xiaomi has not run marketing campaigns since spring 2022, the company still has a significant market share in Russia.
Xiaomi has been dominating online sales in Russia since 2018 with a large network of authorized retail outlets. Latest NAZK data shows Xiaomi’s market share in Russia doubled in 2022 and third-quarter deliveries increased 39% from the previous quarter. revealed. Last year, Xiaomi’s revenue in Russia surprisingly $202 million reached.
Xiaomi has consistently ranked first in sales in Russian online stores since 2018 and has a huge network of offline official authorized retailers across the country. In 2022, Xiaomi doubled its market share in Russia, solidifying its position as the country’s leading smartphone brand. As of July 2022, Xiaomi and its sub-brand POCO are in Russian smartphone sales. It had a 42% market share and ranked first in terms of revenue.
Official data indicate that in 2021 the Russian subsidiary of Xiaomi It shows $202 million in revenue. Ukraine’s National Anti-Corruption Bureau claims that the taxes paid on this important income are used to support the Russian military and “finance the war against Ukraine”.
Xiaomi is currently actively recruiting for the Russia office and has announced the official launch of its flagship smartphones, demonstrating the company’s intention to fully restore its operations in Russia. As a result, the Ukrainian government Accuses Xiaomi of sponsoring a terrorist state’s military aggression and believes the company will face the reputational and legal consequences of its actions.
As of now, the National Anti-Corruption Bureau of Ukraine is on the list of international war sponsors. It included 21 companies. The inclusion of Xiaomi on this list comes as a shock to many and highlights the far-reaching effects of the ongoing conflict between Russia and Ukraine on the global tech industry.