Headlines
Russian subsidiary of Japan's Sony liquidated, company filings show
Published by Global Banking & Finance Review®
Posted on August 14, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 14, 2025
1 min readLast updated: January 22, 2026
Sony's Russian subsidiary was liquidated, signaling its exit from the market amid geopolitical tensions. Many foreign companies have left Russia since the Ukraine invasion.
(Reuters) -Sony's Russian subsidiary was liquidated on August 11, Russian company filings showed, a move that could signal the Japanese conglomerate's exit from the country.
Hundreds of foreign companies have left Russia since Moscow's February 20202 invasion of Ukraine, by selling, handing the keys to existing managers, or abandoning assets.
Sony paused its operations in Russia soon after the start of the war.
Sony did not immediately respond to a request for comment about the implications of its subsidiary, Sony Mobile Communications Rus, being liquidated.
(Reporting by Alexander Marrow; Editing by Kirsten Donovan)
A subsidiary is a company that is completely or partially owned by another company, known as the parent company. Subsidiaries operate independently but are controlled by the parent company.
Liquidation is the process of closing a company and distributing its assets to claimants. It often occurs when a company is unable to pay its debts.
A foreign company is a business entity that is registered in a country other than the one in which it is operating. These companies often face different regulations and tax laws.
Market exit refers to a company's decision to leave a particular market. This can be due to various factors, including financial losses, regulatory challenges, or strategic realignment.
Corporate governance refers to the systems, principles, and processes by which a company is directed and controlled. It involves balancing the interests of stakeholders and ensuring accountability.
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