Daily Tech Roundup: Russia Closes Auto Export Loophole Exploited by Chinese Traders

Welcome to the Daily Tech Roundup — a briefing of the top technology news making headlines in China and the rest of Asia.

Russia closes auto export loophole that had been a boon to Chinese traders

Russia has closed an auto trade loophole that many Chinese middlemen had exploited to skirt customs duties as exports of China-made vehicles to the country have surged. In February, Russian authorities announced new levies for cars imported from Eurasian Economic Union countries, effectively closing the so-called “grey import” channel that had allowed re-exports of China-made vehicles via low-tariff member states including Kyrgyzstan. The new rules took effect Monday.