Nokia will withdraw from Russia, the decision will not affect the economic outlook
The company wants to continue to maintain its telecommunications networks in Russia because it wants to help Russians gain access to information sources outside the country.
Nokia does not expect the withdrawal decision to affect its ability to meet its targets for this year.
Network maker Nokia confirms its withdrawal from Russia due to Russia's attack on Ukraine. According to Nokia, the decision will not affect the company's financial outlook.
In recent weeks, Nokia has suspended deliveries and all new business in Russia and began relocating its research and development operations.
According to Nokia, Russia's share of the company's net sales was less than two percent last year. Nokia does not expect the withdrawal decision to affect its ability to meet this year's targets, especially as demand for the company's products in other markets is strong.
Does network maintenance continue?
Nokia says it will continue to maintain its telecommunications networks during its withdrawal and will seek the necessary permits to enable the maintenance, despite sanctions against Russia. Nokia justifies this on the grounds that the company wants to help Russians access information sources outside of Russia.
- For humanitarian reasons, Western governments have expressed concern about the collapse of critical telecommunications network infrastructure in Russia. They have also emphasized the importance of a constant flow of information and access to the Internet in order to preserve the possibility for Russian citizens to obtain information and views from outside the country. For these reasons, Nokia will seek to support the maintenance of the networks during the withdrawal and will seek the necessary permissions to enable such support in accordance with current sanctions, Nokia writes in a statement.