• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Exclusive: Taiwan’s Acer ships computer hardware to Russia after saying it would suspend business
Business

Exclusive: Taiwan’s Acer ships computer hardware to Russia after saying it would suspend business

June 9, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

June 8 (Reuters) – Taiwan-based computer manufacturer Acer (2353.TW) supplied at least $70.4 million worth of computer hardware to Russia between April 8, 2022 and March 31, 2023, according to customs data seen by Reuters, after saying it would suspend its business there.

While not illegal, Acer’s actions contrast with those of key Western rivals such as Dell (DELL.N) and HP (HPE.N) which ceased shipments in February and April 2022, respectively, following Moscow’s full-scale invasion of Ukraine, customs records drawn from a commercial trade data provider show.

The records show equipment produced by Acer was supplied to Russia both through Acer’s wholly-owned subsidiary registered in Switzerland and a number of delivery services by order of that subsidiary.

As the shipments originated outside Taiwan, they did not violate Taipei’s sanctions against Russia. Nor did they involve items restricted at the time of export by Switzerland’s sanctions regime, which mirrors that of the European Union.

But in a statement on April 8 last year, the company said: “Due to recent developments, Acer has decided to suspend its business in Russia.”

Asked about subsequent exports to Russia via Swiss subsidiary Acer Sales International SA, Acer in Taiwan said in a statement that “we strictly adhere to applicable international regulations and trade laws regarding exports to Russia”.

It added that the Swiss subsidiary “had not shipped any laptops or desktops to Russia since April 8 last year”, but that it had supplied a “limited number of displays and accessories to the Russian market for civilian daily use while ensuring compliance with international sanctions”.

See also  Exclusive: Dalian Wanda weighs sale of Olympics media rights manager Infront -sources

Acer did not say why it continued shipping its goods to Russia despite saying it would suspend business there.

A source familiar with details of the shipments, who declined to be named due to the sensitivity of the issue, said Acer’s products, including PC monitors and laptops, continued to be shipped to Russia after April 2022.

Reuters was unable to establish where some Acer goods that can still be found on sale in Russia had originated from nor when they had arrived in the country.

Swiss sanctions, in line with the EU’s, allowed the export of laptop computers and computing components to Russia until Dec. 16, 2022. There were no deliveries of the newly prohibited items by Acer to Russia from Switzerland after that date.

The company told Reuters it was possible that importers in Russia sourced Acer devices from third countries.

Acer’s Russian unit, in response to emailed questions, said “nothing has changed” since the April 2022 statement.

Acer accounted for 18.5% of all PCs sold in Russia in the fourth quarter of 2021, according to consulting company IDC Russia, while HP and Dell made up a combined 20.8%.

The shipments underline how, despite international sanctions aimed at limiting Russians’ access to technology and equipment, foreign-made goods remain available to consumers.

And Artem Zhavoronkov, a partner at St. Petersburg-based law firm Nordic Star, said Acer risked reputational damage.

G7 leaders at a recent meeting in Japan acted to tighten sanctions on Russia and cut off Moscow’s attempts to evade them.

FEWER SHIPMENTS

Russian customs data shows at least 744 shipments of Acer’s products entered Russia between April 8, 2022 and March 31, 2023, compared with 3,735 in the year earlier period for a total of $244.3 million.

See also  Goldman Sachs exec Chris Kojima to leave

In monetary terms, shipments fell 71.1%, according to the data, with laptops and PC monitors making up the bulk of shipments.

Taiwan announced it would join sanctions against Russia on Feb. 25, 2022, with a special export permit required for technological goods on a government-compiled list.

Taiwan’s Economy Ministry told Reuters that high performance electronics, including monitors, displays and laptops are included on this list and applications for export “in principle will not be approved”.

The ministry said that as of end-March 2023 Acer had not applied for such permits, and there are no Taiwanese customs records of Acer exports to Russia. The ministry declined to comment further.

The main supplier of Acer equipment to Russia last year was Acer Sales International SA, a firm registered in the city of Bioggio, in the southern Italian-speaking canton of Switzerland.

An officer of the subsidiary did not respond to requests for comment sent via WhatsApp.

Switzerland’s State Secretariat for Economic Affairs told Reuters that it does not comment on individual cases or specific companies.

Russia’s Ministry of Industry and Trade did not respond to a request for comment.

Reporting by Filipp Lebedev and Gleb Stolyarov in Tbilisi; Additional reporting by Ben Blanchard in Taipei and Gabrielle Tétrault-Farber in Geneva; Editing by Mike Collett-White, Kirsten Donovan

: .

Acer Business computer EXCLUSIVE Hardware Russia Ships suspend Taiwans
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Pepsi Commercial Kid Says He was Only 8 at Time of Kinky Wedding With Michael Jackson

August 22, 2023

China’s Huawei Looks to Ports, Factories to Rebuild Sales

March 5, 2023

47 Bodies Of Suspected Cult Members Found In Kenya: Police

April 23, 2023

Thailand’s Koh Samui Island Faces Water Shortage As Tourism Booms

July 5, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Driverless Cars Are Untouchable by California Traffic Citations

January 5, 2024

REPORT: Prominent Native American Hollywood Producer Faking Her Identity, Activists Say

March 27, 2023

Tesla, Qualcomm, Meta, Moderna and more

September 11, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.