Processors

Tech companies continue to pull out of Russian market

13 April 2022

As the war in the Ukraine continues, tech companies are distancing themselves further from Russia.

Nokia said it will exit the Russian market entirely after already suspending deliveries and stopping new business. The limited activities the company had in Russia will also be discontinued.

Nokia said for humanitarian reasons — ensuring the continued flow of information and access to the internet outside of Russia — it would provide necessary support to maintain the networks and are applying for relevant licensing to enable this support in compliance with current sanctions.

Nokia said since Russia accounted for less than 2% of its net sales in 2021, this decision is not expected to impact its 2022 outlook financially.

Meanwhile, Intel announced it would suspend all business operations in Russia following an earlier decision to suspend all shipments to customers in Russia and Belarus.

“Our thoughts are with everyone who has been impacted by this war, particularly the people of Ukraine and the surrounding countries and all those around the world with family, friends and loved ones in the region,” Intel said in a statement. “We are working to support all of our employees through this difficult situation, including our 1,200 employees in Russia. We have also implemented business continuity measures to minimize disruption to our global operations.”

Intel was one of many companies that initially said it would suspend shipments to the region following the outbreak of war in Ukraine.

Other companies that have suspended deliveries or operations include:

  • Telecom equipment maker Ericsson
  • Japanese tech company Fujitsu
  • Google, although Russians can still use the search engine
  • IBM
  • South Korean tech giant LG Electronics
  • Chipmaker Nvidia
To contact the author of this article, email PBrown@globalspec.com


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