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Stock Market News

Logitech to wind down remaining operations in Russia

08/29/2022

Less than a minute

2022.08.29 17:29

Logitech to wind down remaining operations in Russia
FILE PHOTO: Logitech logo is are seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration

MOSCOW (Reuters) – Logitech (NASDAQ:LOGI) International said on Monday it would wind down its remaining operations in Russia due to the “ongoing uncertain environment”, joining other major technology and telecoms businesses to announce plans for a complete exit.

“In March, we communicated that Logitech would stop shipments to Russia,” Logitech said in a statement. “We have monitored the situation closely and regrettably, the circumstances do not allow for us to continue to do business as before.”

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08/29/2022

Less than a minute