{"id":157435,"date":"2022-03-05T09:04:20","date_gmt":"2022-03-05T08:04:20","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=157435"},"modified":"2022-03-05T09:04:20","modified_gmt":"2022-03-05T08:04:20","slug":"samsung-electronics-suspends-shipments-to-russia","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/03\/05\/samsung-electronics-suspends-shipments-to-russia\/","title":{"rendered":"Samsung Electronics suspends shipments to Russia"},"content":{"rendered":"<p>Samsung Electronics has suspended shipments to Russia over &#8220;geopolitical developments&#8221;.<\/p>\n<p>This was disclosed on Saturday by the firm as major firms\u00a0including Apple cut ties with the country over its invasion of Ukraine.<\/p>\n<p>The South Korean tech giant is the world\u2019s biggest memory chip maker and the leading smartphone seller in Russia.<\/p>\n<p>\u201cDue to current geopolitical developments, shipments to <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/05\/war-un-security-council-reacts-to-strike-on-ukraines-nuclear-plant-by-russia\/\">Russia<\/a> have been suspended,\u201d Samsung said in a statement.<\/p>\n<p>\u201cWe continue to actively monitor this complex situation to determine our next steps.\u201d<\/p>\n<p>The decision comes as Western governments, sporting organizations and big companies cut Russia off and deal it punishing sanctions over the internationally condemned attack on its neighbor.<\/p>\n<p>Samsung controls just above 30 percent of the smartphone market share in Russia, according to Bloomberg News \u2014 four percent of the tech giant\u2019s total global smartphone revenues.<\/p>\n<p>Sales of semiconductors in Russia, in turn, accounted for less than 0.1 percent of Samsung Electronics\u2019 profits, according to a report by Hana Financial Investment.<\/p>\n<p>South Korea, a key US security ally, also this week announced it would block financial transactions with major Russian banks and their subsidiaries subject to US sanctions.<\/p>\n<p>Samsung is also donating $6 million, including $1 million in consumer electronics as well as voluntary donations from employees, to \u201cactively support humanitarian efforts\u201d and refugees in the region, the firm said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Samsung Electronics has suspended shipments to Russia over &#8220;geopolitical developments&#8221;. This was disclosed on Saturday by the firm as major firms\u00a0including Apple cut ties with the country over its invasion of Ukraine. The South Korean tech giant is the world\u2019s biggest memory chip maker and the leading smartphone seller in Russia. \u201cDue to current geopolitical [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":157450,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[37],"tags":[2923,30816,31687,31688],"class_list":["post-157435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-russia","tag-russia-ukraine-crisis","tag-samsung-electronics","tag-south-korean-tech-giant"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Samsung Electronics suspends shipments to Russia<\/title>\n<meta name=\"description\" content=\"Samsung Electronics has suspended shipments to Russia over &quot;geopolitical developments&quot;.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/05\/samsung-electronics-suspends-shipments-to-russia\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung Electronics suspends shipments to Russia\" \/>\n<meta property=\"og:description\" content=\"Samsung Electronics has suspended shipments to Russia over &quot;geopolitical developments&quot;. This was disclosed on Saturday by the firm as major\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/05\/samsung-electronics-suspends-shipments-to-russia\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-05T08:04:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2022\/03\/adewale_chocomilo\/2022\/03\/05\/20220305_090351.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"498\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" 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