Ukraine Gate- Kyiv – April 11, 2022- Swedish mobile phone maker Ericsson decided to suspend its operations in Russia indefinitely due to recent events and sanctions imposed by the European Union, and the company canceled all deliveries to customers in Russia, in late February.
Ericsson will also open a reserve account of 0.9 billion Swedish kronor (US$95 million) in the first quarter of 2022 in the event of asset impairments and other exceptional costs.
Ericsson HQ. Architect: Wingårdhs Arkitektkontor
