Russian officials fear for the country’s information security in connection with the strengthening of some Chinese companies in the domestic market, Bloomberg reports.
According to the agency, some officials from the Ministry of Digital Development announced a possible security threat in the summer. As the country lost many Western suppliers, Chinese companies began to take their place.
The agency’s unpublished report cites the risks of over-reliance on Chinese technology. In particular, Huawei and China Mobile Ltd could gain market dominance, officials warn. The Ministry of Digital Development sees this trend as an obstacle to the development of the Russian industry.
According to the agency, microcircuits and radio-electronic devices are of particular concern. According to the sources, the report of the Ministry of Digital Development reflects the interests of the Russian Federation in radio electronics, base stations and microcircuits. It is indicated that several rounds of negotiations were held, where the parties discussed the possibility of supplying components. Investments from China in Russian industry were also considered.
Such a scenario is not conducive to independent production of critical equipment in the Russian Federation, some officials believe.
In addition to the representatives of the Ministry of Digital Development, the threat of dependence on Chinese suppliers is also noticeable in the Russian General Staff, Bloomberg clarifies. The fears are also shared by members of the Security Council of the Russian Federation.
In March, the Chinese yuan surpassed the US dollar in trading volume on the Moscow Stock Exchange. Dollar trading volume amounted to $1.7 trillion, while market participants traded $2 trillion in Chinese yuan.
In addition, at the beginning of the year, the share of Chinese cars in the Russian market increased 3.5 times, reaching 36%.
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