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3/5, 5:27 AM (Source: TeleTrader)
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Samsung halts shipments to Russia

Samsung Electronics Co. announced on Saturday that it will cease shipment of its products to Russia, because of the current situation in Ukraine, reported Nikkei news agency citing company officials.

The South Korean multinational electronics corporation shared that it will "continue to actively monitor this complex situation to determine our next steps." In addition, the company will be donating $6 million in humanitarian aid to assist refugees.

Multiple companies continue to suspend their activities on the territory of Russia, as the West intends to cripple the country's capacity to wage war against Ukraine.

Baha Breaking News (BBN) / AY