Sunday, 03 July 2022

Ericsson suspends business in Russia ‘indefinitely’

by Harry Baldock, Total Telecom
Monday 11 April 22

Ericsson’s staff members in Russia will be placed on paid leave as the company prepares to take the financial hit of lost business in Q1

Russia’s invasion of Ukraine in late February was met with immediate condemnation by the international community, swiftly followed by weighty economic sanctions. As a result of this global pressure, many international firms quickly paused their operations in Russia to align with these new policies. Swedish vendor Ericsson announced that it would cease equipment deliveries to Russia in early March, with rival Nokia doing likewise. Now, it seems that the Ericsson is preparing to take the next step, announcing that it has suspended its business indefinitely…

Russia’s invasion of Ukraine in late February was met with immediate condemnation by the international community, swiftly followed by weighty economic sanctions. As a result of this global pressure, many international firms quickly paused their operations in Russia to align with these new policies. Swedish vendor Ericsson announced that it would cease equipment deliveries to Russia in early March, with rival Nokia doing likewise. Now, it seems that the Ericsson is preparing to take the next step, announcing that it has suspended its business indefinitely…

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