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Toshiba Leaves Russian Market

Toshiba Leaves Russian Market

Japanese company Toshiba closes its Russian division for television sets and kitchen appliances Toshiba CIS, Kommersant newspaper reported Monday.

According to the newspaper, Toshiba will leave in Russia only its b2b-unit Toshiba Rus, which works with the Russian Mail, Sberbank and Power Machines.

We have completely left the Russian consumer market. We have sold all the goods as early as last December, when there was a peak of sales, Toshiba Rus Director Hiroaki Tezuka told the newspaper.