Samsung expects to return to Russian market this year -Izvestia newspaper

This post was originally published on this site

Izvestia cited a source close to the company as saying sales could start in October. The source said Samsung (KS:005930) would resume supplies of equipment to retailers and restart its official online store.

Samsung froze shipments in early March citing “current geopolitical developments.” The firm was the leading supplier of handsets to Russia as of the fourth quarter of 2021, accounting for 30% of the market.

Izvestia said a Samsung spokesperson had declined to comment on the firm’s possible return to the Russia market.