“`html
CNBC AI News, August 14th – Sony has officially announced its complete cessation of operations and exit from the Russian market.
After nearly 18 years of presence in Russia, the Japanese multinational conglomerate Sony formally ceased all business activities in the country on August 11th, according to external reports. The company has also shuttered its local office. Documents pertaining to the closure were reportedly submitted to the Russian Federal Tax Service as far back as October 10th, 2024.
Sony initially attempted a full cessation of operations in 2023, but was met with resistance at the time.
Following the full-scale escalation of the Russia-Ukraine conflict in 2022, Sony moved to suspend its operations in Russia. Shipments of PlayStation consoles were halted almost immediately, and the PlayStation Store was subsequently shuttered.
Furthermore, Sony suspended film distribution and closed Sony Music’s operations in Russia. In recent years, the company has been divesting its remaining assets in the country.
Notably, since the beginning of the conflict, Sony provided free PlayStation Plus subscriptions to Ukrainians, a program that continued until the end of last year, offering a lifeline to gamers under duress.
“`
Original article, Author: Tobias. If you wish to reprint this article, please indicate the source:https://aicnbc.com/7206.html
