Russian mobile phone retailer Euroset has withdrawn from the Ukrainian market, closing all its stores.

Euroset has been reducing stores numbers in Ukraine since 2009. The biggest disposal was in the summer of 2010 when the company shut 150 shops. In December 2010, Euroset had 275 stores in the country and by August that number was down to 170.

Euroset chief executive Alexander Malis said: “We have decided to exit the Ukrainian market but we plan to return when the conditions become more favourable.”