Nokia withdraws from Russia

Following the occupation of Ukraine by the Russian Federation, brands such as Google, Apple, Samsung, Microsoft and Playstation terminated their relations with Russia or made serious differences in their transactions. Nokia is the latest addition to these brands.

Nokia withdraws from Russia

Nokia, which has recently stopped its shipments to Russia and new business deals, is also stopping its R&D research in Russia. Nokia will continue its R&D research in Russia in other offices by removing it from the country. Nokia’s network and network investments in recent years have significantly advanced the company in this regard. Nokia, which wants to continue the flow of information in Russia and does not want to cut the internet to Russian citizens, will continue to support the maintenance of critical network equipment so that it does not fail.

Nokia stated that this decision will not affect the financial strength of the company much. In 2021, Nokia’s sales in Russia accounted for less than 2% of the company’s overall earnings, so Nokia didn’t seem to have a hard time making this decision. Nokia’s Russia website is currently inaccessible and will likely remain so for a long time. Let’s see which companies will continue the Russian sanctions.