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    QONEQT in News

    15-Sep-2022 12:31 PM


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    Samsung expects to return to Russian market this year -Izvestia newspaper

    (Reuters) - Samsung Electronics (OTC:SSNLF) Co Ltd expects to return to the Russian market this year, six months after suspending shipments in the wake of the invasion of Ukraine, Russia's Izvestia newspaper said on Wednesday.
    Izvestia cited a source close to the company as saying sales could start in October.
    Samsung froze shipments in early March citing "current geopolitical developments."
    The firm was the leading supplier of handsets to Russia as of the fourth quarter of 2021, accounting for 30% of the market.
    Izvestia said a Samsung spokesperson had declined to comment on the firm's possible return to the Russia market.
    Source: Investing.com
    #Samsung