Samsung halts shipments to Russia

Samsung Electronics said it has halted shipments to Russia over “geopolitical developments”.

The firm said this on Saturday, as major firms including Apple cut ties with the country over its invasion of Ukraine.

The South Korean tech giant is the world’s biggest memory chip maker and the leading smartphone seller in Russia.

“Due to current geopolitical developments, shipments to Russia have been suspended,” Samsung said in a statement.

“We will continue to actively monitor this complex situation to determine our next steps.”

The decision was reached as Western governments, sporting organizations and big companies cut Russia off and dealt with punishing sanctions over the internationally condemned attack on its neighbour.

Samsung controls just above 30 per cent of the smartphone market share in Russia, according to Bloomberg News — four per cent of the tech giant’s total global smartphone revenues.



Please enter your comment!
Please enter your name here