The United States explained sanctions against Xiaomi

In January, the United States blacklisted the Chinese smartphone manufacturer Xiaomi. Now American

investors cannot invest their funds in the company, and those who did so earlier must divest these assets by November. The Wall Street Journal explained why the US imposed sanctions against Xiaomi.

The official reason for adding the company to the “black” list is connections with the Chinese military. Xiaomi itself claims that it operates in accordance with the law and is not controlled by the Chinese military.

Yesterday the Wall Street Journal quoteddocuments filed by the US Department of Defense revealing the true reason for the Xiaomi ban. The report states that the company's founder recently received an award for public service. Therefore, the Trump administration decided to impose sanctions against Xiaomi. It is worth noting that the head of the company was one of 100 executives who were awarded by China.

In addition, the report from the Ministry of Defense mentions Xiaomi's investments in cutting-edge technologies, including 5G and artificial intelligence.