Ericsson to wind down business activities in Russia over coming months

Ericsson (ERICb.ST) said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers.

The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide financial support to affected employees.

More and more Western companies are selling their Russian businesses after announcing suspensions of operations in the weeks after Moscow sent tens of thousands of troops into Ukraine on Feb. 24. read more

Dell Technologies Inc (DELL.N) said on Saturday it had ceased all Russian operations after closing its offices in mid-August. read more