Report: Nokia to withdraw from Russian fully by end 2022

MOSCOW, Aug 30 (PRIME) -- Finnish telecom equipment maker Nokia will retreat from Russia entirely by the end of 2022, Reuters reported late on Monday.

“By the end of the year, the vast majority of our employees in Russia will have moved on from Nokia, and we have vacated all of our offices,” a Nokia spokesperson said on Monday. “We will retain a formal presence in the country until the legal closure is completed.”

Nokia, which had about 2,000 employees in Russia, said its remaining activity in the country is related to the limited maintenance of critical networks to comply with contractual and humanitarian obligations.

The company announced its plans to leave Russia in April and suspended shipments then, halted new business, and started moving its research activities beyond the country.

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