After Ericsson and Nokia, Huawei plans to exit Russia

After Ericsson and Nokia, Huawei plans to exit Russia

After Ericsson and Nokia, Huawei started appearing in headlines to take an exit from Russia. The company has been planning this action for a long time and gradually begin halting its business in the respective region.

The latest inputs reveal that Huawei has marked a complete full stop to its direct deliveries in Russia. For instance, the company has stopped importing its phone products to the Russian smartphone market. Besides, it has ceased the supply of tablets, laptops, and other devices.

The Chinese tech maker has even paused the selling of cellular base stations for communication purposes, in the region. These all activities give a sign that Huawei has firm plans to exit the Russia Market.

Huawei began taking its step back in June this year. Firstly, the company sealed its official stores in the region. Thereafter, it ended the supply of devices to the Federation. As of now, there are no new supply actions in the country.

While interrogating, the PR Manager of Huawei Consumer Business Group – Maria Krivtsova said that there is no information about this matter. Yet sources hint that a big reason for this closure could be the lack of new batches in the region.

After Ericsson and Nokia, it’s Huawei!

Previously, Ericsson and Nokia left the country due to unsatisfactory conditions. Both cooperations stated that they will maintain a presence in the region till the legal shutdown is complete. Ultimately, this vacant space in the country offered a huge opportunity for Huawei to develop its infrastructure.

However, just like Ericsson and Nokia, Huawei has also packed its bag and will leave Russia by February 2023. Currently, Huawei has begun shifting its employees to Kazakhstan and Uzbekistan sectors and has stopped hiring any new employees in Russia.

Huawei will not take off completely from Russia!

Although, the company has taken major steps in this subject. Perhaps, it doesn’t reflect a complete exit of the tech giant from the region. Consequently, Huawei products will keep its presence in the country in the form of three ways: parallel imports, gray scheming (the unofficial market for trading), and third-party distributors.

However, how much effective these ways will prove in the future remains a question.

[Source]

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