Nokia follows Ericsson in leaving Russian market

Finland — Telecom equipment maker Nokia announced today the company will exit the Russian market in response to that country’s invasion of Ukraine. “It has been clear for Nokia since the early days of the invasion of Ukraine that continuing our presence in Russia would not be possible. Over the last weeks we have suspended deliveries, stopped new business and are moving our limited R&D activities out of Russia,” reads a statement from the Finnish company. “Western governments have expressed concerns about the risk of critical telecommunication network infrastructure in Russia failing. They have also emphasized the importance of ensuring the continued...