May 1, 2025
Trending News

Technology company Nvidia officially leaves the Russian market

  • November 22, 2022
  • 0

American technology company Nvidia has finally left the Russian market due to the war in Ukraine. As reported by Ukrinform, this was reported by Kommersant after analyzing the

Technology company Nvidia officially leaves the Russian market

Technology company Nvidia officially leaves the Russian market

American technology company Nvidia has finally left the Russian market due to the war in Ukraine.

As reported by Ukrinform, this was reported by Kommersant after analyzing the reporting for the third quarter of 2022.

Shortly after Russia launched a full-scale war in Ukraine, Nvidia stopped supplying and selling its products on the territory of the Russian Federation. In July, the company stopped licensing and selling its software to Russian companies. In the fall, information emerged that Nvidia plans to close its office in Russia due to “the impossibility of ensuring the efficient work of employees.”

The company decided to cease all financial operations in the Russian Federation, since further activity in the country against the background of the war could adversely affect sales. According to the documents, in 2022 the Russian market accounted for about 2% of total sales.

According to researchers from Yale University, after the start of all-out aggression against Ukraine, more than 1,000 foreign companies reported reducing their activities on Russian soil or withdrawing from the Russian market altogether.

Source: Ukrinform

Leave a Reply

Your email address will not be published. Required fields are marked *