Huawei, Russian Telecom Firm Ink Deal to Build 5G Network

Huawei Signs Deal to Develop 5G in Russia

"Today's agreement created to promote 5G brings our partnership to a brand-new level - we both add momentum to strategic co-operation between the two companies in high tech, thus building a foundation for commercial 5G rollouts in Russian Federation in the nearest future, and promote further development of business relationships between Russian Federation and China'".

According to the official statement, the two companies will develop and launch a pilot of 5G networks in 2019-2020.

This comes as great news for Huawei Technologies, especially when the company was banned from conducting business with us technology companies over spying suspicions for Beijing.

Huawei also signed a cooperation agreement on 5G development with Russian mobile operator Beeline, controlled by the Veon Group, earlier this May.

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China Mobile, the largest Chinese telecom operator, said it planned to offer 5G services in more than 40 Chinese cities before the end of September.

Embattled Chinese tech company Huawei has struck a deal to build Russia's first 5G wireless network. The trip is Xi's eighth to Russian Federation since 2012.

China's Commerce Ministry says it will release the list in the near future.

Huawei has been hit by a United States ban imposed in May that prevents it from using American components in its products.

Unhappy Real Madrid attacker to leave if Eden Hazard is signed
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China hasn't said what action it would take against the entities included on its list.

The United States is also now locked in a battle with China over trade, and Trump appears to be using Huawei's business as leverage for a better deal.

Trump ordered tariffs of up to 25% on hundreds of billions of dollars' worth of Chinese exports and his administration is preparing to extend them to $300 billion more - nearly all items shipped to the US from China. China has reciprocated with tariffs of its own, among other measures.

The technology is expected to generate 10.6 trillion yuan (about Dollars 1.54 trillion) worth of economic output and over three million jobs between 2020 and 2025, according to a research report by the China Academy of Information and Communications Technology.

Trump sees possible U.S.-UK trade deal once United Kingdom removes 'shackles'
As he stepped onto UK soil, Mr Trump was greeted by US Ambassador to the UK Woody Johnson and Foreign Secretary Jeremy Hunt. However, the President and First Lady chose not to do this, opting instead to shake hands with Her Majesty.

The Chinese commerce ministry spokesman did not give a specific date Thursday during a weekly briefing. This means several U.S. companies will lose the business of a key customer as well as the development of 5G, considering Huawei plays a big role in its development. How the trade talk will develop depends on the US.

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