Ericsson stops its business in Russia

By: Myroslav Trinko | 11.04.2022, 13:22

After AcerEricsson also decided to stop its business in Russia. The manufacturer announced this in the financial report for the first quarter of 2022.

“In light of recent events and European Union sanctions, the company will now indefinitely suspend its activities with clients in Russia. Ericsson is in discussions with customers and partners to suspend the affected business indefinitely. The priority is to ensure the safety and well-being of Ericsson employees in Russia, and they will be placed on paid leave,” the company said in a statement.

If you suddenly did not know

Ericsson is a Swedish company headquartered in Stockholm. It was founded in 1876 and is engaged in the production of telecommunications equipment.

Source: Ericsson

For those who want to know more