The National Agency for the Prevention of Corruption (NACP) has listed the Chinese corporation Xiaomi as
What is known
This was reported by the press service of the agency.The reason for being included in the list of international sponsors of the war was that the company still continues its work in the Russian Federation after a full-scale invasion of Ukraine. In addition, Xiaomi is still the leader in smartphone sales in the terrorist state. During the full-scale war, Xiaomi managed to increase shipments to Russia by 39% in the third quarter of 2022 compared to the previous one. During 2022, Xiaomi has doubled its market share and is now the leader in smartphone sales in Russia.
In July 2022, Xiaomi and its sub-brand POCO togetheroccupied 42% of the Russian smartphone market, ranking first in terms of sales. According to official figures, in 2021 the Russian division of the company received $202,000,000 in revenue. These are funds from which large amounts of taxes are paid. Then, due to these taxes, the Russian army is also supported, which today kills Ukrainians, the NAPC noted.
It is for this agency that the company entered the databaseWorld-Check data. It keeps records of individuals and organizations with increased risk. The database is used worldwide to identify and manage financial, regulatory and reputational risks.