Ericsson suspends all Russian Operations Indefinitely over War in Ukraine. The telecom giant company has restricted all of its unit who was working Russia says to stop them due to the Russian Cruelty over Ukraine.

Highlights

Many Western firms have stopped working In Russia
Ericsson has approximately 600 employees in Russia
Ericsson is still waiting to publish its first-quarter earnings on April 14

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Swedish-based network equipment maker Ericsson told on Monday that it is suspending all of its units in Russia amid going Russia and Ukraine war. The company, in late February also announced stopping every delivery of equipment related to the network production.

“In the light of recent events and European Sanctions, the Company will now suspend its affected business with customers in Russia indefinitely,” the company said in a statement.

It also added it was “engaging with customers and partners regarding the indefinite suspension of the affected business.”

“The priority is to focus on the safety and well-being of Ericsson employees in Russia and they will be placed on the affected business.”

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