EconomyFrench company Legrand will stop working on the Russian...

French company Legrand will stop working on the Russian market

-

Switches and sockets. archive photo

French electrical equipment manufacturer Legrand will stop working on the Russian market

PARIS, January 25 – RIA Novosti. French electrical equipment manufacturer Legrand has announced that it will cease operations in the Russian market “due to the current conditions”.

“Due to the current circumstances, including the increasing complexity of operations and instability, Legrand has decided to cease operations in Russia and is currently exploring options to transfer control in a timely and orderly manner,” the company said in a press release.

It is noted that the company’s business in Russia was 1.5% of its annual sales last year.

“Legrand is confident that leaving the Russian market is the best option to comply with the law, while ensuring long-term operations for employees and customers,” the text reads.

Source: Ria

Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Canada has sanctioned a large number of Russian artists and singers.

Canadian flags in Ottawa. archive photoCanada imposes sanctions on Baskov, Boyarsky, Gazmanov, Babkina and AllegrovaWASHINGTON, February 3 -...

Hockey player SKA Zykov suffered a severe facial bone fracture

SKA coach Rotenberg said Zykov suffered a severe fracture of his facial bone.st. PETERSBURG, February 3 - RIA...

Blinken informed the Chinese leadership about the decision to postpone the visit to the country

US Secretary of State Anthony Blinken. archive photoForeign Ministry: Blinken informed the Chinese leadership about the decision to...

Bilyaletdinov reveals seven goals missed by SKA

Bilyaletdinov said that the reason for the seven goals that SKA missed was a loss of emotions and concentration.st....

Military expert evaluated the degree of protection of Russia from long-range weapons

Military expert urged to strengthen the protection of military facilities of the Russian Federation in connection with new assistance...

Must read

Canada has sanctioned a large number of Russian artists and singers.

Canadian flags in Ottawa. archive photoCanada imposes sanctions...

Hockey player SKA Zykov suffered a severe facial bone fracture

SKA coach Rotenberg said Zykov suffered a severe fracture...
- Advertisement -spot_img

You might also likeRELATED
Recommended to you