Sony Music Withdraws Business In Russia Due To Ukraine War
HY News
13 September, 2022 12:18 pm IST
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Sony Group Corp has reportedly withdrawn from its music business in Russia, sources on Monday, as the humanitarian impact of the country's invasion of Ukraine made continuing operations there untenable.
In a statement, Sony Music said “as the war continues to have a devastating humanitarian impact in Ukraine, and sanctions on Russia continue to increase, we can no longer maintain a presence in Russia”.
News agency Reuters reported that “it did not disclose further details of the transaction. The music business suspended operations in Russia earlier this year following that country's invasion of Ukraine”.
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