Nokia Exits Russia Amid Ukraine Invasion: What You Need to Know

Nokia Exits Russia Amid Ukraine Invasion: What You Need to Know
The Nokia logo is displayed at the Mobile World Congress (MWC) in Barcelona, Spain, on Feb. 25, 2019. Gabriel Bouys/AFP via Getty Images
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The telecom equipment giant Nokia Corporation is the latest one to join the slew of companies pulling out of the Russian market amid the country’s invasion of Ukraine.

The company in a press statement said it is expecting no financial impact from the decision as Russia accounted for less than 2 percent of its net sales in 2021.