Sony Music announced its final withdrawal from the Russian market

The American record company Sony Music Group announced its final withdrawal from the Russian market. This is stated in a statement from the label published in Billboard magazine .

“As the war continues to have a devastating humanitarian impact on Ukraine, and sanctions against Russia continue to escalate, we can no longer operate here,” Sony Music Group representatives explained .

The company announced that it was transferring the Russian division along with its employees to local management. It will be headed by the head of Sony Music Russia, Arina Dmitrieva. The Russian company will become completely independent and will work only with local artists.

label The Sony Music suspended its work in Russia in March. In Russia, it features singers Sergei Lazarev and Max Barskikh, rapper Slava KPSS and the rock group “Surganova and the Orchestra”. announced the suspension of their work in Russia At the same time, other world record companies— Universal and Warner— .