US export rule that hammered China’s Huawei teed up to hit Russia

The Biden administration is readying a US export rule used against Chinese telecoms equipment maker Huawei that could curb Russia’s access to global electronics supplies if President Vladimir Putin decides to invade Ukraine.While it is unclear how the rule could impact Russia, the restrictions hobbled Huawei’s smartphone business. Last month, the company said it expected 2021 revenue to have declined nearly 30 per cent and predicted continued challenges this year.What is the restriction?The…

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