Huawei invests $ 800 million in Russia up to 25 g amid US sanctions

Huawei invests $ 800 million in Russia up to 25 g amid US sanctions

Huawei invests $ 800 million in Russia up to 25 g amid US sanctions

MOSCOW (Reuters) – Chinese tech giant Huawei will invest $ 800 million in the Russian IT industry over five years, said Alexander Stolyarov, deputy general director of Huawei Enterprise in Russia.

The company plans to invest in training Russian employees and opening R&D centers, Stolyarov said at the Kazan Digital Week forum.

Huawei invested $ 392 million in Russia in 2017-2019, follows from its presentation.

The company now has four development centers in the country. The developer plans to open 5 more centers within five years.

After being blacklisted by the United States, with persons involved in which it is prohibited to trade American enterprises, Huawei transferred investments from the United States to Russia, expanded the team of Russian developers and raised their salaries, the founder of the company Ren Zhengfei said in August, who was quoted by the South China Morning Post.

(Elena Fabrichnaya. Text by Nadezhda Tsydenova. Edited by Anastasia Lyrchikova.)

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