KIANEWS Nokia will completely stop its operations in Russia by the end of the year
29. 08. 2022 Monday / By: Robert Denes / Business / Exact time: BST / Print this page
E ricsson said on Monday that it will gradually wind down business in Russia in the coming months, while Finland's Nokia also said it plans to close most of its business in Russia by the end of the year.
While Ericsson suspended its business operations in Russia indefinitely in April, Nokia went one step further and announced that it would exit the country entirely.
"By the end of the year, the vast majority of our employees in Russia will be moving away from Nokia, and we have vacated all our offices," a Nokia spokesman said on Monday. "We will maintain a formal presence in the country until the legal closure is completed."
A growing number of Western companies are selling their Russian businesses after announcing the suspension of operations in the weeks following Moscow's February 24 deployment of tens of thousands of troops to Ukraine.
Nokia, which has about 2,000 employees in Russia, said its remaining operations in the country are related to limited maintenance of critical networks to meet contractual and humanitarian obligations.
As Ericsson and Nokia pull out of Russia altogether, the country's mobile operators MTS and Tele2 are increasingly dependent on Chinese companies such as Huawei and ZTE. In principle, Nokia will not abandon its existing contractual obligations and certain "humanitarian activities", as explained by the source, but will minimize its activities in the Russian Federation. At least the Russian offices, which the company has already vacated, and by the end of the year most of the staff will be reduced in accordance with all necessary social support measures.
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