Samsung suspends shipments of phones, chips to Russia

Business

Business Desk: Dhaka, Mar-05,

Samsung Electronics Co. has suspended product shipments to Russia due to current geopolitical developments, joining a growing list of companies from Apple Inc. to Microsoft Corp. that are halting sales and services in the country following its invasion of Ukraine last week.

The South Korean tech giant is actively monitoring the complex situation, the company said in an emailed statement to Bloomberg.

Exports to Russia of all Samsung products ranging from chips to smartphones and consumer electronics have been suspended, according to a person familiar with the matter.

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