Samsung suspends shipments of phones, chips to Russia

Samsung Electronics Co. has suspended product shipments to Russia due to current geopolitical developments, Report informs referring to Bloomberg.

The South Korean tech giant is actively monitoring the complex situation.

Exports to Russia of all Samsung products ranging from chips to smartphones and consumer electronics have been suspended, according to a person familiar with the matter.

“Our thoughts are with everyone who has been impacted and our priority is to ensure the safety of all our employees and their families,” Samsung said in the statement. The company is donating $6 million, including $1 million in consumer electronics products, to humanitarian efforts in the region.