French electrical equipment manufacturer Legrand has decided to leave Russia. DEA News.
“Due to the current circumstances, including the increasing complexity of operations and instability, Legrand has decided to cease operations in Russia and is currently exploring options to transfer control in a timely and orderly manner,” the company said in a press release.
Legrand noted that leaving the Russian market would enable the company to comply with the law.
Former Ministry of Industry and Trade commented the media are reporting on the possible withdrawal of one of Ingenico’s largest suppliers of payment terminals from the Russian market.
It is noted that enterprises operating in Russia have sufficient equipment resources to supply the market with equipment for card payments. The Ministry of Industry and Trade added that there is no reason for the situation in the cash register market to escalate and that there are no problems with the availability of products in warehouses.
Source: Gazeta
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