LG is joining an ever-growing list of companies exiting Russia.
“LG Electronics is suspending all shipments to Russia and will continue to monitor the situation closely,” the company says. “We are deeply concerned for the health and safety of all people, and LG is committed to supporting humanitarian relief efforts.”
LG is far from alone. From Nintendo and Sony to Amazon and Microsoft, many other companies have stopped doing business in Russia after the invasion of Ukraine. It is becoming increasingly difficult to buy CPUs, GPUs and more in the country.
Many of those other companies focus on specific market segments. But LG and Samsung, which on March 4 suspended all shipments to Russia, make everything from television sets and laptops to appliances and vacuum cleaners. Losing them is like losing most electronics stores.
LG didn’t give more details about when it might resume shipments to Russia or how it is supporting relief efforts. (For example, Samsung said it would donate $6 million to humanitarian organizations.) The company did not immediately respond to a request for comment.