Toshiba halts operations in Russia

16:00 - 20.04.2022


April 20, Fineko/abc.az. Toshiba has suspended the acceptance of new orders from Russia and investments in the country.

ABC.AZ reports that according to Japanese manufacturer's website, the company halts the acceptance of new orders from Russia and stops investing in projects in the country. This is stated in a message on the.

Toshiba explained its decision by the conflict in Ukraine.

According to Toshiba, revenue in Russia will amount only to 0.2% of its total projected income for the fiscal year that ended in March. The company expects total revenue to be 3.34 trillion yesn ($25.95 bn).