Latest news with #MicrosoftRus
Yahoo
12 minutes ago
- Business
- Yahoo
Microsoft's Russian subsidiary to file for bankruptcy
Microsoft Rus, a subsidiary of Microsoft Corp in Russia, is reportedly set to file for bankruptcy, Reuters reported citing a note published on the official Fedresurs registry. Microsoft did not immediately respond to a request for comment, reported Reuters. Russian President Vladimir Putin has previously stated that foreign service providers, such as Microsoft and Zoom, acting against Russian interests should be 'throttled'. He also emphasised the importance of developing domestic software solutions to reduce reliance on foreign technology. Following Russia's invasion of Ukraine in February 2022, Microsoft continued to provide key services in the country. However, in June 2022, the company announced it was 'significantly' scaling back its operations in Russia due to changes in the economic outlook and impacts on its business. Shortly after the invasion, Microsoft took steps to limit its exposure, including removing Russian state-owned media outlet RT's mobile apps from the Windows App store and banning advertisements on Russian state-sponsored media. The Fedresurs note confirmed Microsoft Rus's intention to declare bankruptcy. According to the TASS news agency, Microsoft operates three other units in Russia, including Microsoft Development Centre Rus, Microsoft Mobile Rus, and Microsoft Payments Rus. It remains unclear how these units might be affected by the bankruptcy filing, Reuter's report said. Google's Russian subsidiary filed for bankruptcy in 2022 after Russian authorities seized its bank account, rendering it unable to pay Russia-based employees, suppliers, and vendors. In May 2025, Microsoft teamed up with Yotta Data Services to enhance AI innovation in India by integrating Azure AI services with Yotta's Shakti Cloud, creating an advanced AI cloud platform for developers, startups, enterprises, and public sector organisations. "Microsoft's Russian subsidiary to file for bankruptcy" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Russia Today
2 days ago
- Business
- Russia Today
Microsoft subsidiary files for bankruptcy in Russia
One of Microsoft's Russian subsidiaries has announced plans to file for bankruptcy, according to a note published on the official Fedresurs registry on Friday. The US-based tech giant opted to exit the country shortly after the escalation of the conflict in Ukraine. In March 2022, the corporation stopped selling its products and services in Russia, pausing other aspects of its business in the country to comply with sanctions introduced by the West against Moscow amid the Ukraine conflict. Since then, a wide range of Russian corporate giants - including Severstal, Uralkali, VTB, MegaFon, Gazprombank, and others - have filed lawsuits against the company's local subsidiary, Microsoft Rus. The total value of the suits related to breach of contractual obligations after the exit amounts to 341 million rubles (nearly $3.6 million), according to the Russian business daily RBK. Shortly after pulling the plug on operations in Russia, the company stopped renewing Microsoft 365 subscriptions—including Outlook, Teams, Office, OneDrive, and SharePoint services—for its corporate clients, disconnected a number of Russian organizations from cloud services such as Visio Online, Project Online, and Power BI, and introduced other restrictions. According to data tracked by RBK, the revenue of Microsoft's Russian subsidiary last year amounted to 161.6 million rubles (nearly $2 million), with net profit totaling 174.1 million rubles ($2.13 million). The data shows the company reported revenue of 6.9 billion rubles ($84.5 million) and a profit of 638.1 million rubles ($7.8 million) in 2021, which marked its last full year of operations in Russia before deciding to quit. Earlier this year, the multinational registered the trademark 'Microsoft Places' with the Russian patent office, Rospatent. According to the filing card, the company plans to provide or grant temporary access to 'downloadable computer software for managing hybrid planning, workplace management, office space management,' and other types of software until 2023. In recent months, foreign corporations—including McDonald's, Hyundai, Intel, LG, IKEA, Chanel, Rolex, and Louis Vuitton—that had previously exited Russia have begun registering new trademarks in the country, signaling their potential return. Earlier this week, Russian President Vladimir Putin urged the creation of a program for foreign corporations willing to return to the Russian market, 'but only insofar as it aligns with the protection of our own business interests.' Speaking with business leaders in the Kremlin, the president emphasized that Moscow won't be 'rolling out a red carpet' for McDonald's and other companies.
Reuters
3 days ago
- Business
- Reuters
Microsoft unit in Russia to file for bankruptcy, database shows
May 30 (Reuters) - One of Microsoft Corp's (MSFT.O), opens new tab 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 (ZM.O), opens new tab 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 (GOOGL.O), opens new tab 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.
