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    The logo of Huawei is pictured at a mobile phone shop in Singapore, May 21, 2019

    Huawei Reveals Cooperation Plans With Russia at SPIEF - RDIF

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    St. Petersburg International Economic Forum 2019 (41)
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    ST. PETERSBURG (Sputnik) - Huawei shared plans on cooperation with Russia during the meeting of Russian President Vladimir Putin with entrepreneurs at the St. Petersburg International Economic Forum (SPIEF), Russian Direct Investment Fund CEO Kirill Dmitriev said Friday.

    "The discussion included concrete plans for numerous companies to develop engineering centres in Russia, launch new projects in pharmaceuticals, and new projects in health […] Undoubtedly, of importance was the presentation by the Huawei representative, who shared plans for cooperation with Russia", Dmitriev said.

    READ MORE: Huawei Responds THIS WAY After WhatsApp, Instagram Apps Banned on Devices

    According to the official list of SPEIF participants, Huawei Technologies Company Ltd. was represented by Deputy Chairman Guo Ping.

    Meanwhile, on Friday Russian President Vladimir Putin qualified the existing attempts to force Chinese technology giant Huawei out of the global market as the beginning of a new technological war.

    Vladimir Putin stressed that the global trend toward privilege was damaging to traditional markets, such as energy, raw materials and goods as well as to new areas.

    The Russian president said that attempts to monopolize the new wave of technology and limit access to its products was the main source of global instability.

    The Chinese company Huawei was accused by the United States, as well as a number of other countries, of stealing commercial information. Washington likewise suspects Huawei of working for the government of China, a US adversary and party to a major trade war with Washington.

    READ MORE: Huawei Reassessing Goal to Be World's Top-Selling Smartphone Vendor Amid US Ban

    Huawei has dismissed claims about its alleged cooperation with the authorities and pleaded 'not guilty' to charges of trade secret theft.

    The US Department of Commerce added the Chinese company to its "entity list" for allegedly being a national security risk. US firms are no longer allowed to trade with Huawei. China retaliated by promising to draw up its own list of "unreliable" foreign entities, potentially exacerbating the ongoing trade war.

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    St. Petersburg International Economic Forum 2019 (41)
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    Russian Direct Investment Fund (RDIF), Huawei
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