After the 2022 invasion of Ukraine, Jolla moved to cut ties. It sought to disengage from any Russian ownership from early 2022, entered corporate restructuring

After the 2022 invasion of Ukraine, Jolla moved to cut ties. It sought to disengage from any Russian ownership from early 2022, entered corporate restructuring at the Pirkanmaa District Court, and on 24 November 2023 the court approved a programme obligating a complete sale of the business. In May 2024 the original Jolla company filed for bankruptcy, its activities having been taken over in 2023 by the Jollyboys company established by Jolla’s former management. The current entity is owned by the management team, with no Russian stake. So as of now, the “Russian-owned” framing is substantially outdated.