Western companies have a habit of dealing with dictators. Russia shined a spotlight on them – erienewsnow.com

The war in Ukraine sparked a never-before-seen mass exodus of businesses from Russia. Corporations that spent years gaining a foothold in the growing consumer market pulled out nearly overnight, with their lucrative operations suddenly looking like liabilities.

The exodus shines a spotlight on what some of those companies were doing in Russia in the first place — and why it took an act of war to make them change their tune. One company particularly in that spotlight is Nokia.

On Monday, the New York Times revealed how Nokia has for years provided equipment and services that propped up Russia’s vast surveillance system that has been used to spy on dissidents. Although Nokia denounced the invasion of Ukraine and said it would halt sales in the country, the company told the Times that it was required to make products that comply with the surveillance system.

In other words, this was simply the cost of doing business in Russia.

In a statement, Nokia said the Times article is misleading,…

Read Full Story: https://www.erienewsnow.com/story/46189413/western-companies-have-a-habit-of-dealing-with-dictators-russia-shined-a-spotlight-on-them

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source: https://news.oneseocompany.com/2022/03/30/western-companies-have-a-habit-of-dealing-with-dictators-russia-shined-a-spotlight-on-them-erienewsnowcom_2022033017078.html

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