Samsung Electronics is thinking about renting a plant in Russia

Samsung Electronics is thinking about renting a plant in Russia

Samsung Electronics is thinking about renting a plant in Russia

According to reports from the Yonhap news agency and other outlets on Wednesday, Samsung is thinking about renting its TV and monitor manufacturing facility in Kaluga, Russia.

On Wednesday, South Korean media revealed that Samsung Electronics is thinking of renting its TV manufacturing in Russia.Yes, considering that when Russia invaded Ukraine in 2022, a number of international corporations ceased exporting to or doing business there.

According to reports from the Yonhap news agency and other media on Wednesday, Samsung is thinking about leasing its TV and monitor manufacturing in Kaluga, Russia.

The revelation comes after a story by Kommersant on Tuesday that said local electronics reseller VVP Group would manufacture equipment in the Samsung facility under its own brand and for other businesses. The post cited unidentified sources in the electronics sector.

Samsung opted not to respond. An inquiry for comment was not immediately answered by VVP Group.

Samsung said that it has stopped shipping to Russia in March 2022.