Finnish telecom equipment maker Nokia is exiting the Russian market permanently, becoming the latest western company to distance itself from the Kremlin and plan for a future in which sanctions persist.
“It has been clear for Nokia since the early days of the invasion of Ukraine that continuing our presence in Russia would not be possible,” the group said on Tuesday.
In early March, Nokia suspended deliveries of networking equipment to Russia, stopped accepting any new business and moved its limited R&D activities out of the country. It will now begin removing its equipment and services from Russia for good, a process which could take some time.
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