AGM, a maker of ruggedised smartphones, saw orders in Russia evaporate in the first two weeks after the country invaded Ukraine. Photo: Handout
exclusive | Ukraine war: Shenzhen smartphone maker AGM’s Russian business on thin ice after invasion
- AGM, which makes ruggedised smartphones that can operate in extreme cold weather, saw sales in Russia briefly reduced to zero after the country invaded Ukraine
- Economic sanctions against Russia, which sent the rouble into free fall, made it difficult for AGM because its sales in the country are settled in US dollars
AGM, a maker of ruggedised smartphones, saw orders in Russia evaporate in the first two weeks after the country invaded Ukraine. Photo: Handout
