site logo


All Shipments Suspended To Russia By Samsung Electronics

Posted by Sparsh Dayal On 05-Mar-2022 08:29 AM

Samsung Electronics Suspends Shipments to Russia

Samsung has suspended shipments to Russia over "geopolitical developments", the firm claimed on Saturday, as significant firms including Apple cut ties with the country over its attack on Ukraine.

The South Korean tech monster is the world's greatest memory chip producer and the main cell phone dealer in Russia.

Also Read: Microsoft 'STOPS' Sales of Products & Services in Russia

"Due to current geopolitical developments, shipments to Russia have been suspended," Samsung said in an announcement.

"We continue to actively monitor this complex situation to determine our next steps."

The choice comes as Western governments, featuring associations and enormous organizations, cut Russia off and give it rebuffing sanctions over the universally condemned assault on its neighbor.

Samsung controls simply over 30% of the smartphone portion of the overall industry in Russia, as indicated by Bloomberg News - four percent of the tech monster's absolute worldwide smartphone revenues.

Deals of semiconductors in Russia, thus, represented under 0.1 percent of Samsung's profits, as per a report by Hana Financial Investment.

Also Read: Leaked: Samsung Galaxy M23 5G Details Online

South Korea, a key US security partner, likewise this week reported it would block financial transactions with significant Russian banks and their subsidiaries subject to US sanctions.

Samsung is additionally giving $6 million (generally Rs. 45.8 crores), including $1 million (generally Rs. 7.6 crores) in consumer electronics as well as deliberate gifts from company’s employees, to "actively support humanitarian efforts" and refugees in the area, the firm said.


Apple iPhone 15 Series | What’s the new Upgrade?

Discover the latest features and upgrades of the Apple iPhone 15 Series. Check out the iPhone 15 price and specs.

13-Sep-2023 12:16 AM


Laptop & PC Import Curb: Google, Apple, Intel, and Others Have Urged US to Push India to Reconsider Its New Rule

Global tech giants urge US to influence India's laptop import restrictions; concerns over trade relationships & supply chain impact.

19-Aug-2023 02:48 AM

User Control vs. Online Safety: X's Block Feature Controversy

X's removal of the block feature triggered discussions about user autonomy, online harassment, and the complexities of nurturing a secure digital environment.

19-Aug-2023 01:13 AM

Apple Emerges as Leading Player in India’s Declining Tablet Market

Apple dominates Indian tablet market with 25% share, driven by iPad 9th and 10th Gen. 5G and Wi-Fi tablets show growth amid sector shifts.

19-Aug-2023 12:52 AM

Samsung Galaxy Z Fold 5 & Galaxy Z Flip 5 Go on Sale Today: Know Launch Price, Specifications, & Discount Offers!

Samsung Galaxy Z Fold 5 and Z Flip 5 now on sale in India. Get up to Rs 18,000 benefits. Specs, prices, and features detailed for these latest foldable smartphones.

18-Aug-2023 08:07 AM

Emergency Alert! Severe: Why Do Smartphone Users in India Receive This Message From Govt?

India enhances disaster readiness with Emergency Alert System trial. Smartphone users receive test message for timely public safety alerts.

18-Aug-2023 08:00 AM