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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Nokia to Stop Doing Business in Russia

Nokia Russia Ericsson Pekka Lundmark
FILE PHOTO: A Nokia logo is seen at company's headquarters in Espoo, Finland, May 5, 2017. REUTERS/Ints Kalnins

Telecoms equipment maker Nokia is pulling out of the Russian market, its CEO told Reuters, going a step further than rival Ericsson , 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, Reuters said.

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