Latest news with #Fedresurs
Express Tribune
32 minutes ago
- Business
- Express Tribune
Microsoft's Russia unit to file bankruptcy as Putin pushes local tech dominance
Nearly three years after Russia's invasion of Ukraine sent shockwaves through the global tech landscape, Microsoft appears poised to sever another official tie with the country. A filing published on Russia's Fedresurs registry this Friday revealed that Microsoft Rus LLC, a key subsidiary of the U.S. tech giant, intends to declare bankruptcy. The move, while not entirely surprising, underscores the deepening rift between Western technology providers and Moscow. After February 2022, Microsoft had signaled a retreat first by halting new sales, then gradually scaling down operations in response to sanctions and the shifting economic outlook. By June of that year, most of its local business had been wound down, though critical services lingered. This latest development follows remarks by Russian President Vladimir Putin, who called for the throttling of foreign tech firms such as Microsoft and Zoom, urging state and private institutions to adopt domestic alternatives. The call reflects a broader strategy of digital sovereignty aimed at reducing Russia's dependency on U.S.-based platforms. Microsoft has declined to comment on the filing, and questions remain about the fate of its remaining Russian entities: Microsoft Development Centre Rus, Microsoft Mobile Rus, and Microsoft Payments Rus. The extent of their operational status remains unclear, though the bankruptcy of Microsoft Rus LLC suggests a final unraveling of what was once a significant presence in the region. What began as a strategic withdrawal may now be morphing into a full-scale corporate exit.
Time of India
16 hours ago
- Business
- Time of India
After President Vladimir Putin's 'warning', one of Microsoft's Russian unit may file for bankruptcy
A Russian subsidiary of Microsoft is planning to file for bankruptcy, a report claims. This comes after President Vladimir Putin recently said that foreign service providers like Microsoft and Zoom should be "throttled" to improve domestic software solutions. The planned bankruptcy declaration for one of Microsoft's Russian units was reportedly published via a note on Fedresurs, Russia's official online registry for legally significant corporate information. However, the tech giant has yet to share a comment regarding the potential bankruptcy of its Russian subsidiary or President Putin's remarks. Microsoft maintained critical services in Russia following Moscow's February 2022 invasion of Ukraine, but in June 2022 announced a major reduction of its operations there due to shifts in the economic outlook and their effects on its business. According to a report by the news agency Reuters, the company had already pulled RT's mobile apps from the Windows App Store and prohibited ads on Russian state–sponsored media shortly after the invasion. A recent notice posted on Fedresurs indicated that Microsoft Rus LLC plans to file for bankruptcy, the report claimed. According to the Russian news agency TASS, Microsoft also operates three additional Russian entities in the country, which are: Microsoft Development Centre Rus, Microsoft Mobile Rus, and Microsoft Payments Rus. However, the report doesn't mention the status of these subsidiaries. When other major tech companies faced problems in Russia In 2022, Alphabet-owned Google's Russian subsidiary filed for bankruptcy after Russian authorities seized its bank account, rendering operations, such as paying local employees, suppliers, and vendors, impossible. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 days ago
- Business
- Time of India
Microsoft unit in Russia to file for bankruptcy, database shows
One of Microsoft Corp's subsidiaries in Russia plans to file for bankruptcy, according to a note published on the official Fedresurs registry on Friday. Microsoft did not immediately respond to an emailed request for comment. President Vladimir Putin said this week that foreign service providers like Microsoft and Zoom should be "throttled" in Russia to make way for domestic software solutions. Microsoft continued providing key services in Russia after Moscow's February 2022 invasion of Ukraine, but in June 2022 it said it was significantly scaling down its operations due to changes to the economic outlook and the impact on its business there. The U.S. tech giant had already removed Russian state-owned media outlet RT's mobile apps from the Windows App store and banned advertisements on Russian state-sponsored media in the days after the invasion. The note posted on Fedresurs on Friday said that Microsoft Rus LLC was intending to declare bankruptcy. The TASS news agency reported that Microsoft has three other Russian units - Microsoft Development Centre Rus, Microsoft Mobile Rus and Microsoft Payments Rus. It was not immediately clear how those units might be affected. Alphabet-owned Google's Russian subsidiary filed for bankruptcy in 2022, saying that the seizure of its bank account by Russian authorities had made it untenable for its Russian office to function, including paying Russia-based employees, suppliers and vendors.
The Hindu
2 days ago
- Business
- The Hindu
Microsoft unit in Russia to file for bankruptcy, database shows
One of Microsoft Corp's subsidiaries in Russia plans to file for bankruptcy, according to a note published on the official Fedresurs registry on Friday. Microsoft did not immediately respond to an emailed request for comment. President Vladimir Putin said this week that foreign service providers like Microsoft and Zoom should be "throttled" in Russia to make way for domestic software solutions. Microsoft continued providing key services in Russia after Moscow's February 2022 invasion of Ukraine, but in June 2022 it said it was significantly scaling down its operations due to changes to the economic outlook and the impact on its business there. The U.S. tech giant had already removed Russian state-owned media outlet RT's mobile apps from the Windows App store and banned advertisements on Russian state-sponsored media in the days after the invasion. The note posted on Fedresurs on Friday said that Microsoft Rus LLC was intending to declare bankruptcy. The TASS news agency reported that Microsoft has three other Russian units - Microsoft Development Centre Rus, Microsoft Mobile Rus and Microsoft Payments Rus. It was not immediately clear how those units might be affected. Alphabet-owned Google's Russian subsidiary filed for bankruptcy in 2022, saying that the seizure of its bank account by Russian authorities had made it untenable for its Russian office to function, including paying Russia-based employees, suppliers and vendors.
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Business Standard
3 days ago
- Business
- Business Standard
Microsoft's Russia unit to file for bankruptcy amid operational exit
One of Microsoft Corp's subsidiaries in Russia plans to file for bankruptcy, according to a note published on the official Fedresurs registry on Friday. Microsoft did not immediately respond to an emailed request for comment. President Vladimir Putin said this week that foreign service providers like Microsoft and Zoom should be "throttled" in Russia to make way for domestic software solutions. Microsoft continued providing key services in Russia after Moscow's February 2022 invasion of Ukraine, but in June 2022 it said it was significantly scaling down its operations due to changes to the economic outlook and the impact on its business there. The U.S. tech giant had already removed Russian state-owned media outlet RT's mobile apps from the Windows App store and banned advertisements on Russian state-sponsored media in the days after the invasion. The note posted on Fedresurs on Friday said that Microsoft Rus LLC was intending to declare bankruptcy. The TASS news agency reported that Microsoft has three other Russian units - Microsoft Development Centre Rus, Microsoft Mobile Rus and Microsoft Payments Rus. It was not immediately clear how those units might be affected. Alphabet-owned Google's Russian subsidiary filed for bankruptcy in 2022, saying that the seizure of its bank account by Russian authorities had made it untenable for its Russian office to function, including paying Russia-based employees, suppliers and vendors.
