Ukraine invasion: Russian consumers rush to snap up Chinese smartphone stocks as the rouble’s value sinks

Source: Tech – South China Morning PostMajor Chinese Android smartphone brands are seeing robust demand this month in Russia, boosted by increased local consumer spending on essential electronics devices, as international sanctions against the invasion of Ukraine sent the rouble in free fall.“Russian retailers are setting the price higher every few days to make up for the exchange loss,” said Ivan Lam, Hong Kong-based analyst at Counterpoint Research. “People are buying everything from smartphones to home appliances before the…Read More

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