HELSINKI, Apr 22 (PRIME) -- Finnish producer of industrial lifting equipment Konecranes has written off 79 million euros worth of orders from Russia, and will suspend all projects and sales in the country over the military operation in Ukraine, the company said in a statement late on Thursday.
The reduction of scale of the Russian business will be gradual, and done in compliance with the Russian laws and regulations. In 2021, sales of Konecranes products in Russia amounted to 55 million euros.
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