Acer supplied high-tech products totaling 9.8 billion yen after declaring suspension of trade with Russia

Since Russia launched its invasion of Ukraine, many countries and companies have continued to suspend shipments of products to Russia. PC maker Acer also declared a suspension of trade with Russia in April 2022, but after the declaration it is clear that more than $ 70.4 million (about 9.8 billion yen) of Acer hardware was shipped to Russia became.

Exclusive: Taiwan's Acer ships computer hardware to Russia after saying it would suspend business | Reuters
https://www.reuters.com/technology/taiwans-acer-ships-computer-hardware-russia-after-saying-it-would-suspend-2023-06-08/

Acer is a company headquartered in Taiwan, and it also develops hardware such as PCs and displays in Japan. When Acer reported its financial results on April 8, 2022, it said, ``In consideration of recent circumstances, we will suspend business in Russia,'' and declared the suspension of business in Russia.

Acer Reports Q1 2022 Preliminary Consolidated Revenues of NT$78.37 Billion, Highest in 9 Years
https://news.acer.com/acer-reports-q1-2022-preliminary-consolidated-revenues-of-nt7837-billion-highest-in-9-years

However, according to Reuters reports, it was revealed that at least $ 70.4 million (about 9.8 billion yen) of products were transferred from Acer to Russia from April 8, 2022 to March 31, 2023. It also turned out that Acer's product shipments to Russia were carried out through a subsidiary in Switzerland.

Taiwan, the home of Acer, announced on April 6, 2022 export control measures against Russia, including high-tech equipment such as PCs. On the other hand, in Switzerland, only looser regulations were implemented than in Taiwan, and the products shipped from Acer's subsidiary in Switzerland were limited to those not affected by Swiss regulations. As such, Acer has not violated any law.

In addition, although some G7 countries have pointed out that ``Switzerland's sanctions against Russia may be too loose,'' Switzerland has said, ``Switzerland respects the law as a neutral and sovereign nation and resolutely opposes injustice. The fact that Russia joined the EU sanctions four days after Russia's attack on Ukraine in violation of international law and joined the EU's additional sanctions in a short period of time is evidence of this.' He argues that appropriate sanctions have been imposed.

Switzerland refutes G7 letter regarding Russian sanction loopholes (Switzerland, Ukraine, Russia) | Business Briefs - JETRO Global News - JETRO
https://www.jetro.go.jp/biznews/2023/04/3474a95ed91db9f1.html