Nokia Announces Russia Pullout

Nokia said on Tuesday that the company is pulling out of the Russian market amid sanctions from the European Union imposed on Russia over its recent attacks in Ukraine.

The announcement came a day after rival Ericsson decided to suspend its activities in the country indefinitely.

Pekka Lundmark, the President and CEO of Nokia, said that quitting Russia was the only option, despite the telecommunication sectors and some others exempted from humanitarian or related grounds.

“It has been clear for Nokia since the early days of the invasion that continuing our presence in Russia would not be possible,” Lundmark said in a tweet.

Nokia said that will apply for licenses compliant with sanctions to support the maintenance of existing network equipment.

“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 flow of information and access to the internet, which provides outside perspectives to the Russian people,” Nokia said in an announcement.

Nokia has 2,000 employees in Russia, including about 200 working in research and development. 

According to Lundmark, some Nokia employees from Russia might be offered work in other parts of the world.

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