this post was submitted on 01 Sep 2023
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Hardly makes Alibaba and Xiaomi sponsors of war ๐คทโโ๏ธ
It doesn't affect it one way or the other. What does is their continuing operations in Russia, who started and is continuing the war.
So...? How does that affect the sale of consumer electronics?
Because China (and Mexico, India, Southeast Asia, South America, Africa, and the Middle East) have not really introduced sanctions (except against military equipment)? These companies are following their government's policy, which is more than can be said for companies like PepsiCo and Mars (both American).
International trade is dictated by countries, not by companies. If a company is breaking the policy of the country it operates from, that's obviously very bad. These companies aren't trying to pick sides: their government hasn't picked a side and so there is no reason for the company to.
The sponsors of war list is a list of companies circumventing everyone else's efforts to place a defacto embargo on Russia to show that their actions have consequences. When companies cross that picket line, they undermine the entire exercise, making it easier for Russia to continue operations. The idea, for the rest of us, is to in turn boycott the companies on the list so they'll also experience their actions have consequences.
We have that luxury right now. Ukraine does not. So the idea is that we can help Ukraine by not doing business with companies that are making extra special bonus money by selling their products with a defacto monopoly in Russia right now
Who's efforts? From what I can see, only North America and Europe have joined in this so-called international embargo. In fact, not even Mexico has any sanctions against Russia.
What's the motivation for including companies based in countries that haven't called for trade restrictions?
Sure, I agree fully that countries based in Europe or North America should follow government policy or relocate, but I'm not expecting companies to behave outside of the policy detailed by their government.