LG has suspended shipments of its products in Russia joining the earlier moves of other tech giants, such as Apple, Samsung, and Microsoft.
LAS VEGAS - JANUARY 09: Attendees watch a bank of monitors at the LG Electronics booth at the 2009 International Consumer Electronics Show at the Las Vegas Convention Center January 9, 2009 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs through January 11 and features 2,700 exhibitors showing off their latest products and services to more than 130,000 attendees.
LG Suspends Shipments in Russia
As per a news story by Engadget, the South Korean tech giant, LG, has announced in its recent statement that it is suspending all shipments of its products in the Russian nation.
The latest move of LG comes after multiple businesses, including tech giants, have already stopped selling or shipping their products to Russia amidst its ongoing conflict with Ukraine.
LG said in its announcement that it would watch the "situation" closely without giving any timeline of how long the shipment halt will last.
A man walks by the LG stand at the Mobile World Congress (MWC), the world's biggest mobile fair, on February 26, 2018 in Barcelona. The Mobile World Congress is held in Barcelona from February 26 to March 1.
The South Korean tech behemoth went on to say that it is "deeply concerned" for both the health and safety of everyone else.
On top of that, LG says in its latest release that it would continue to honor its commitment to support "humanitarian relief efforts."
Read Also: LG's NEW 48-Inch OLED Gaming Monitor Release Date Has Been Confirmed | What to Expect
LG Follows Other Tech Giants
The move of LG comes after numerous firms and tech giants have already expressed their decision to halt their sales and shipments in Russia.
Thus, giving the South Korean manufacturer much pressure to act on as well, Engadget noted in the same report.
According to a recent report by Fortune, LG Electronics is one of the companies that remained operating in Russia despite the ongoing conflict and sanctions. It used to join other brands like Reebok and Subway, which still operated in the largest country in the world.
On top of that, Fortune said in a separate report that other leading tech giants have already exited the Russian territory, including Apple, Dell, and IBM.
Not to mention that Meta, which owns Facebook, Instagram, and WhatsApp, as well as Alphabet, the parent firm of Google and its wide range of services, have suspended their sales of ads in the country.
Twitter and Snapchat also joined the two tech giants in pausing its ads services in Russia.
What's more, another South Korean firm, Samsung Electronics, wherein it owns a massive 26.6% of the smartphone market, has suspended its product shipments in the country.
It is worth noting that even though LG has already killed its smartphone business it still offered various consumer devices like TVs and refrigerators, Engadget reported.
Related Article: Apple Prioritizes Studio Display and It Now Stops its Sale of 27-inch LG UltraFine 5K Monitors
This article is owned by Tech Times
Written by Teejay Boris
