OEMs React to Russia Sanctions

OEMs React to Russia Sanctions

(Picture from internet)

Previously, RT reported on the sanctions imposed against Russia by the U.S. and European Union for the invasion of Ukraine. Within about a week, leading OEMs responded to comply with the sanctions.

According to CRN, HP Inc. has suspended product shipments to Russia. During a Q1 2022 earnings conference call with investors, HP CEO Enrique Lores said the company was preparing for “a range of scenarios” prompted by the conflict.

Lores said the company will not be impacted by supply chain transport issues involving Russia and Ukraine, as the company ended shipping routes through the affected region last year.

Konica Minolta announced that due to the sanctions for the financial sector and internal measures taken by the Russian government, payments between our European headquarters and Konica Minolta Business Solutions Russia had been suspended. “We regret that this might have an impact on our colleagues in Russia, but we hope for their understanding,” said the spokesman of the company.

Canon issued a shorter statement saying: “Canon EMEA suspended all product deliveries into Russia. We continue monitoring the fast-evolving situation and developments.”

Ricoh also took the decision to suspend shipments of all devices to Russia. “We will continue to fully comply with all sanctions imposed on Russia,” said the company.

Epson suspended cooperation with Russia and Belarus due to the situation around Ukraine. Epson claimed it will continue to keep an eye on developments.

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