Sony Music exits Russia over Ukraine war

Sony Music did not disclose further details of the transaction

Credit: Reuters File Photo

Sony Group Corp's music business has exited Russia, transferring the business and musicians to local management, due to the Ukraine conflict.

"As the war continues to have a devastating humanitarian impact in Ukraine, and sanctions on Russia continue to increase, we can no longer maintain a presence in Russia," Sony Music said in a statement.

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It did not disclose further details of the transaction.

The music business suspended operations in Russia earlier this year following that country's invasion of Ukraine.

Russia calls its actions in Ukraine a "special operation".