Nokia to stop doing business in Russia

Telecoms equipment maker Nokia (NOKIA.HE) is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson (ERICb.ST), which said on Monday it was indefinitely suspending its business in the country. Hundreds of foreign companies are cutting ties with Russia following its Feb. 24 invasion of Ukraine and after Western sanctions against Moscow. While several sectors, including telecoms, have … Continue reading Nokia to stop doing business in Russia