Samsung Electronics said on Saturday shipments to Russia have been suspended “due to current geopolitical developments”.
“We continue to actively monitor this complex situation to determine our next steps,” the company said in a statement.
Samsung said it is also donating $6 million, including $1 million in consumer electronics, as well as voluntary donations from employees, to “actively support humanitarian efforts around the region”, including aid for refugees.
The moves follow South Korea’s decision to tighten export controls against Russia by banning shipments of strategic items and join Western countries’ moves to block some Russian banks from the SWIFT international payments system.
“The Korean government condemned Russia’s armed invasion of Ukraine,” the foreign ministry said.
“As a responsible member of the international community, [Seoul has] decided to actively participate in the international community’s efforts, including economic sanctions, for a peaceful resolution of the situation.”
Shortly after the announcement, Russia’s ambassador to South Korea, Andrey Kulik, expressed regret, blaming “strong outside pressure” on Seoul from the west to join them in applying sanctions.
- Reuters with additional editing by George Russell