Toshiba Stops Accepting New Orders 5y73p Investments in Russia

Toshiba will also be providing humanitarian aid to those affected. 2n186j

By Gadgets360 Staff with Inputs from ANI | Updated: 20 April 2022 10:47 IST

Toshiba Stops Accepting New Orders, Investments in Russia

Several other companies have also suspended business in Russia 6t3i9

Highlights

Toshiba to donate roughly Rs. 6 crore to the affected
India's Infosys moved its business out of Russia
Western nations have imposed numerous sanctions on Russia

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Japanese electronics giant Toshiba Corporation announced the suspension of new orders and investments in Russia in light of events in Ukraine. "In response to the situation in Ukraine, Toshiba group will donate a total of 100 million yen (roughly Rs. 6 crore) to the United Nations High Commissioner for Refugees (UNHCR) and Japan Platform, a non-profit organisation, to provide humanitarian aid to those affected," Toshiba said in a statement.

"In addition, Russia. We will continue to monitor the situation, and strongly hope for an early end to the conflict," it said.

Russia launched a special military operation in Ukraine on February 24 in response to calls from the Donetsk and Lugansk people's republics for protection against intensifying attacks by Ukrainian troops.

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The Russian Defense Ministry said the special operation, which targets Ukrainian military infrastructure, aims to "demilitarize and denazify" Ukraine. Moscow has said it has no plans to occupy Ukraine. Western nations have imposed numerous sanctions on Russia.

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Several other companies have also Intel.

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