Samsung signage is seen in a retailer in Manhattan, New York Metropolis, U.S., November 22, 2021. REUTERS/Andrew Kelly
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Sept 14 (Reuters) – Samsung Electronics Co Ltd (005930.KS) expects to return to the Russian market this 12 months, six months after suspending shipments within the wake of the invasion of Ukraine, Russia’s Izvestia newspaper stated on Wednesday.
Izvestia cited a supply near the corporate as saying gross sales might begin in October. The supply stated Samsung would resume provides of apparatus to retailers and restart its official on-line retailer.
Samsung froze shipments in early March citing “present geopolitical developments.” The agency was the main provider of handsets to Russia as of the fourth quarter of 2021, accounting for 30% of the market. learn extra
Izvestia stated a Samsung spokesperson had declined to touch upon the agency’s attainable return to the Russia market.
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Reporting by David Ljunggren; modifying by Richard Pullin
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