LG has announced that it has stopped supplying equipment to Russia
LG Electronics, a manufacturer of home appliances and computers, will suspend all delivery services to Russia, according to the company's website.
LG Electronics did not disclose the reason for the decision. It is said to be "closely monitoring the changes" and "deeply concerned for the health and safety of all citizens", the company said in a statement.
According to a statement on its website, new investments and technology exports to Russia will be halted by Schlumberger, one of the world’s largest oilfield services. The company said it was watching the conflict between Russia and Ukraine with "great concern" and was "paying close attention" to the health, safety and protection of its employees, colleagues and their families.
Halliburton, an American company that provides services to another major oil field, has decided to suspend operations in Russia. The organization explained the decision by sanctions against Russia, which prohibits transactions and cooperation with Russian businesses, including "certain state customers", Halliburton said.
After Russia’s “military operation” in Ukraine, many Western companies and brands have decided to suspend operations in the country or leave the market altogether.
In particular, Apple has suspended deliveries and new sales, while Samsung has decided to limit the supply of smartphones, processors and home appliances. According to the School of Wind Management, a total of more than 400 companies have announced the termination or suspension of their operations in Russia.
