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Konica Minolta stops transactions with Russian subsidiary

March 3, 2022

In a letter to customers and partners, Konica Minolta has stated that its subsidiaries will be impacted due to the conflict between the two countries.

The letter published by Konica Minolta read as follows:

Dear Valued Customer / Partner,

In the middle of Europe we are now facing a dreadful, despicable and devastating conflict. As Konica Minolta Europe we are condemning any act of violence and warfare.

Naturally, we are adhering to the sanctions imposed by the international community including the EU, USA and Japan. Also, due to the sanctions for the financial sector and internal measures taken by the Russian government, payments between our European headquarters and Konica Minolta Business Solutions Russia have been suspended for now. We regret that this might have an impact on our colleagues in Russia, but we hope for their understanding.

We deeply regret that this might have an impact on your business as well and we hope for your understanding.

Our thoughts and very best wishes are with our colleagues in Ukraine. We are in touch with our colleagues from Ukraine and are making sure they have housing, medical and psychological care and food when entering a neighboring country and we want to express our gratitude towards our colleagues in Poland, Hungary, Romania, Czech Republic and Slovakia who are touchingly taking care of our Ukrainian colleagues and their families. We also ask our colleagues in Russia for understanding. After all, we at Konica Minolta are all part of a European family and surely no one, of any given nationality, is in favor of a war – anywhere, at any time.

May this end as soon as possible to avoid further misery and suffering,

Tadahiko Sumitani, President Konica Minolta Business Solutions Europe & European Management of Konica Minolta Business Solutions Europe

Konica Minolta is not the only OEM who has taken this action. HP also announced a few days ago that it has stopped shipments to Russia.

Categories : Around the Industry

Tags : Business Impact Konica Minolta Russia

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