Nokia Announces Its Departure From Russia
“We just simply do not see any possibilities to continue in the country under the current circumstances,” Nokia CEO Pekka Lundmark told Reuters. In addition to the departure of tech companies, Russia faces steep economic sanctions. These sanctions are led by several EU countries as well as the U.S. It’s worth noting that some Russian sectors, including the telecom industry, have been exempt from the sanctions on humanitarian grounds. But Nokia claims that it didn’t have any other option but to leave Russia....