Nokia, Logitech, Ericsson, Many other Western technology companies announce plans to leave Russia
Nokia and Ericsson announced plans to pull out of Russia on Monday. Ericsson has revealed that it plans to phase out of Russia in the coming months, while Nokia has revealed its intention to leave its Russian business by the end of the year. These are the latest in a string of Western tech companies as the pace of withdrawals from Russia has accelerated. In addition, companies like Dell and Logitech have also recently decided to suspend operations and withdraw from Russia.
According to Reuters, Nokia and Ericsson will completely break free from Russia in a trend set by Western tech companies like Intel, Netflix, and more. Ericsson hopes to pull back gradually over the coming months. Meanwhile, Nokia has announced that it plans to leave Russia by the end of the year.
Nokia was stated its interest in leaving Russia. However, the company plans to support its customers throughout the process. “We will maintain an official presence in the country until the legal closure is complete,” a Nokia spokesman said on Monday.
Dell also revealed last week that it plans to withdraw from the country. Similar, Logitech suspended operations in Russia in March and will begin discontinuing the rest of its operations in the country.
Many Western companies are selling or withdrawing from their business in Russia. Many initially halted operations after Moscow began its military campaign against Ukraine.