Samsung undecided on resuming Russia shipments

Samsung undecided on resuming Russia shipments

Samsung did not rule out resuming stock shipments to Russia after the Korean company suspended orders in the wake of the invasion of Ukraine, reported Reuters.

The news agency cited Russian newspaper Izvestia, which reported the electronics giant will restart official online sales channels in October.

Samsung ceased product shipments to Russia in March, over a week after Russia began its offensive in Ukraine, "due to current geopolitical developments." The Korean manufacturer donated US$6 million in aid.

Counterpoint Research ranked Samsung as the number one handset manufacturer in Russia commanding 30% of the market share at the end of Q4 2021, sitting ahead of Xiaomi which held 23% and Apple which had 13%.

Telecoms infrastructure giants Ericsson and Nokia solidified plans to exit the Russian market at the end of this year.  Analysts speaking to Developing Telecoms predict Chinese vendors Huawei and ZTE could stand to make huge gains from the departure of the Nordic companies.

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