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Japan's Toshiba suspends acceptance of new orders, investments in 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 [$774,000] to the United Nations High Commissioner for Refugees(UNHCR) and Japan Platform, a non-profit organization, to provide humanitarian aid to those affected," Toshiba said in a statement.

"In addition, Toshiba Group has suspended order taking and investments in 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.

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. (ANI/Sputnik)

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

News Source: Lokmat Times English, 20 April 2022

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