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Samsung says it won’t make a decision after it was reported back to Russia

Samsung says it won’t make a decision after it was reported back to Russia
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Samsung signage is seen at a store in Manhattan, New York City, US Nov. 22, 2021. REUTERS/Andrew Kelly

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Sept 15 (Reuters) – Samsung Electronics Co Ltd (005930.KS) said on Thursday nothing had been decided after a newspaper reported the company was expected to return to the Russian market this year, six months after suspending shipments after the invasion of Ukraine.

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Russian newspaper Izvestia quoted a source close to the company on Wednesday as saying sales could begin in October. The source said Samsung would resume supplying equipment to retailers and restart its official online store.

Samsung froze shipments in early March citing “current geopolitical developments”. The company was the largest supplier of handsets to Russia as of Q4 2021, accounting for 30% of the market. read more

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Reporting by David Ljunggren; Additional reporting by Joyce Lee; Edited by Richard Pullin and Mark Potter

Our Standards: The Thomson Reuters Trust Principles.

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