ELKO Group is considering pulling out of the Russian market amid the country’s war with Ukraine.
The outfit had already stopped deliveries of IT equipment and household appliances to the Russian market since the start of Russia’s invasion.
The group said in an effort to comply with all sanctions against Russia – including partner, product and transaction-related restrictions – the supply chain and the movement of goods by ELKO to Russia has been suspended.
ELKO Group acquired Russian $300m-revenue devices and appliances distributor Absolut Trading back in March 2019.
