Home Feature Samsung to lease its Russia factory

Samsung to lease its Russia factory

by Sama Mousa
Samsung

Samsung Electronics is planning to lease its TV factory in Russia in light of a number of global companies halting business there, Reuters reported on Wednesday.

According to Reuters, this comes after a Kommersant report on Tuesday stating that Russia’s VVP Group would start production at Samsung’s factory.

It is worth mentioning that in March 2022, Samsung has suspended its shipments to Russia.

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