(Reuters) -Sony's Russian subsidiary was liquidated on August 11, Russian company filings showed, a move that could signal the Japanese conglomerate's exit from the country. Hundreds of foreign
Sony's Russian Subsidiary Officially Liquidated Amid Exit from Market
Sony's Exit from the Russian Market
(Reuters) -Sony's Russian subsidiary was liquidated on August 11, Russian company filings showed, a move that could signal the Japanese conglomerate's exit from the country.
Background on Foreign Companies Leaving
Hundreds of foreign companies have left Russia since Moscow's February 20202 invasion of Ukraine, by selling, handing the keys to existing managers, or abandoning assets.
Sony's Operations in Russia
Sony paused its operations in Russia soon after the start of the war.
Implications of Liquidation
Sony did not immediately respond to a request for comment about the implications of its subsidiary, Sony Mobile Communications Rus, being liquidated.
(Reporting by Alexander Marrow; Editing by Kirsten Donovan)
