Nokia will finally leave Russia

Reuters: Nokia will wind down most of its Russian business by the end of the year, the Georgian manufacturer of Nokia telecommunications equipment will finally leave Russia.

Reuters reported that by the end of the year, the company intends to wind down most of its Russian business.

“By the end of the year, the vast majority of our employees in Russia will leave Nokia, and we will vacate all our offices,” a company representative said. At the same time, Nokia’s official presence in the country will continue until “the legal closure is completed.”

Earlier it became known that the Swedish telecommunications equipment manufacturer Ericsson will close its representative office in Russia by the end of the year and reduce all employees. The company confirmed that in the coming months it will wind down its activities in Russia as it fulfills its obligations to customers. Sources of the Kommersant newspaper suggest that some of the Ericsson support staff will move to a new company, which will be established by Russian top managers.