Latest news with #RussianRailways
The Star
6 hours ago
- Business
- The Star
Russian billionaire says replacement of SAP software is costly but essential
FILE PHOTO: Alexey Mordashov, Chairman of the Board of Directors of Severstal, attends the Congress of the Russian Union of Industrialists and Entrepreneurs in Moscow, Russia March 18, 2025. REUTERS/Maxim Shemetov/File Photo MOSCOW (Reuters) -Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany's SAP will require more time and money than anticipated but is a matter of survival. SAP, which became Europe's largest company by market capitalization this year, makes software that helps businesses manage functions from marketing and human resources to logistics and procurement. SAP provided software to Russia's largest companies, including airline carrier Aeroflot and Russian Railways, but gradually curtailed its business in response to Moscow dispatching troops to Ukraine in 2022 and stopped operations in March 2024. Steelmaker Severstal, owned by Mordashov, and petrochemicals firm Sibur have jointly sought to develop an alternative to SAP software. "We have done a lot to study this issue over the past year, but it turned out that everything is much more expensive and complicated, requiring more meticulous refinement," he said at a technology conference. "We understand the importance of this task... because we need to survive," he added. SAP held up to 60% of the Russian market for business software before the Ukraine conflict, with the rest mostly divided between Microsoft and Oracle. Currently, many Russian companies are still using pre-installed SAP software but lack access to updates and support from the German company, making their systems vulnerable to failures. Mordashov's statement highlighted the difficulties experienced by Russian companies as they try to develop alternatives to Western software amid Western sanctions. Severstal and Sibur initially teamed up with domestic software maker Consist but have since exited the partnership. Severstal is now looking into solutions provided by developer Business Technologies. Other Russian companies like Russian Railways and oil firm Gazpromneft have chosen to cooperate with developer 1C, and are planning to launch a domestic alternative to SAP software in 2027. (Reporting by Anastasia Lyrchikova, additional reporting by Oksana Kobzeva, writing by Gleb Bryanski, editing by Alexandra Hudson)
Time of India
11 hours ago
- Business
- Time of India
Russian billionaire says replacement of SAP software is costly but essential
Live Events Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany's SAP will require more time and money than anticipated but is a matter of which became Europe's largest company by market capitalization this year, makes software that helps businesses manage functions from marketing and human resources to logistics and provided software to Russia's largest companies, including airline carrier Aeroflot and Russian Railways, but gradually curtailed its business in response to Moscow dispatching troops to Ukraine in 2022 and stopped operations in March Severstal , owned by Mordashov, and petrochemicals firm Sibur have jointly sought to develop an alternative to SAP software."We have done a lot to study this issue over the past year, but it turned out that everything is much more expensive and complicated, requiring more meticulous refinement," he said at a technology conference."We understand the importance of this task... because we need to survive," he held up to 60% of the Russian market for business software before the Ukraine conflict, with the rest mostly divided between Microsoft and many Russian companies are still using pre-installed SAP software but lack access to updates and support from the German company, making their systems vulnerable to statement highlighted the difficulties experienced by Russian companies as they try to develop alternatives to Western software amid Western and Sibur initially teamed up with domestic software maker Consist but have since exited the partnership. Severstal is now looking into solutions provided by developer Business Russian companies like Russian Railways and oil firm Gazpromneft have chosen to cooperate with developer 1C, and are planning to launch a domestic alternative to SAP software in 2027.
Yahoo
12 hours ago
- Business
- Yahoo
Russian billionaire says replacement of SAP software is costly but essential
MOSCOW (Reuters) -Russian steel billionaire Alexey Mordashov said that developing a homegrown alternative to the widely-used business software made by Germany's SAP will require more time and money than anticipated but is a matter of survival. SAP, which became Europe's largest company by market capitalization this year, makes software that helps businesses manage functions from marketing and human resources to logistics and procurement. SAP provided software to Russia's largest companies, including airline carrier Aeroflot and Russian Railways, but gradually curtailed its business in response to Moscow dispatching troops to Ukraine in 2022 and stopped operations in March 2024. Steelmaker Severstal, owned by Mordashov, and petrochemicals firm Sibur have jointly sought to develop an alternative to SAP software. "We have done a lot to study this issue over the past year, but it turned out that everything is much more expensive and complicated, requiring more meticulous refinement," he said at a technology conference. "We understand the importance of this task... because we need to survive," he added. SAP held up to 60% of the Russian market for business software before the Ukraine conflict, with the rest mostly divided between Microsoft and Oracle. Currently, many Russian companies are still using pre-installed SAP software but lack access to updates and support from the German company, making their systems vulnerable to failures. Mordashov's statement highlighted the difficulties experienced by Russian companies as they try to develop alternatives to Western software amid Western sanctions. Severstal and Sibur initially teamed up with domestic software maker Consist but have since exited the partnership. Severstal is now looking into solutions provided by developer Business Technologies. Other Russian companies like Russian Railways and oil firm Gazpromneft have chosen to cooperate with developer 1C, and are planning to launch a domestic alternative to SAP software in 2027. 登入存取你的投資組合
Kuwait Times
2 days ago
- Politics
- Kuwait Times
2 bridges in Russia collapse in 'blasts'
MOSCOW: The overnight collapse of two bridges in Russian regions bordering Ukraine that killed seven people were caused by explosions, Russian officials said Sunday, treating them as "acts of terrorism". In Russia's Bryansk region bordering Ukraine, a blast caused a road bridge to collapse onto a railway line late Saturday, derailing a passenger train heading to Moscow and killing seven people, authorities said. A separate rail bridge in the neighboring Kursk region was blown up hours later in the early hours of Sunday, derailing a freight train and injuring the driver. Authorities did not say who was behind the explosions, but investigators said a criminal inquiry was underway. Russian President Vladimir Putin was briefed on the incidents throughout the night, the Kremlin said. Videos posted on social media from the Bryansk region showed rescuers clambering over the mangled chassis of a train belonging to national operator Russian Railways, while screams could be heard in another video. "There are seven dead as a result of the collapse of a bridge onto railway tracks," Alexander Bogomaz, the Bryansk region's governor, wrote on Telegram. At least 71 people were injured, 44 of whom were in hospital, he told reporters. In the incident in the Kursk region, a rail bridge collapsed onto a road, derailing a freight train. "Last night... in the Zheleznogorsk district, a bridge collapsed while a freight locomotive was passing. Part of the train fell onto the road below the bridge," Kursk region governor Alexander Khinshtein said on Telegram. "One of the locomotive drivers suffered leg injuries, and the entire crew was taken to hospital," he said. 'Illegal interference' There was no immediate comment from Russian investigators as to who was behind the blasts. A spokeswoman for Russia's Investigative Committee said the incidents had been "classified as acts of terrorism", without elaborating. But senior ruling party lawmaker Andrey Klishas blamed Ukraine, describing it as a "terrorist enclave". Ukraine, which Russia has blamed for previous incidents, did not immediately comment. Russia has been hit by dozens of sabotage attacks since Moscow launched its full-scale military assault on its neighbor in 2022, many targeting its vast railroad network. Kyiv says Russia uses railroads to transport troops and weaponry to its forces fighting in Ukraine. An AFP reporter saw relatives waiting for loved-ones to arrive from the Bryansk region at a station in central Moscow. "Russian Railways said that those who had survived would be coming here," said 30-year-old entrepreneur Sergey Trinkinets. "My dad finally got in touch. He said he had some bruises and wasn't feeling very well, so I came to meet him," he told reporters. In one video posted on social media, purportedly taken at the scene of the incident in the Bryansk region, someone could be heard screaming as eyewitnesses rushed to find help. "How did the bridge collapse? There are children there!" a woman can be heard shouting in the video. Russia's emergency ministry said a team was on site in the Bryansk region, while Russian Railways said it had dispatched repair trains to the scene. The incidents came on the eve of a possible meeting between Russian and Ukrainian officials in Istanbul, amid a US-led diplomatic push to end the three-year-long conflict. Moscow's three-year assault on Ukraine has resulted in tens of thousands of deaths. Russia currently occupies around a fifth of its neighbor. - AFP
&w=3840&q=100)
Business Standard
2 days ago
- Politics
- Business Standard
Explosions caused 2 bridges in Russia to collapse, 7 killed: Officials
Explosions caused two bridges to collapse and derailed two trains in western Russia overnight, officials said Sunday, without saying what had caused the blasts. In one of the incidents, seven people were killed, and dozens were injured. The first bridge, in the Bryansk region on the border with Ukraine, collapsed on top of a passenger train on Saturday, causing casualties. The train's driver was among those killed, state-run Russian Railways said. Hours later, officials said a second train derailed when the bridge beneath it collapsed in the nearby Kursk region, which also borders Ukraine. In that collapse, a freight train was thrown off its rails onto the road below as the explosion collapsed the bridge, local acting Gov. Alexander Khinshtein said Sunday. The crash sparked a fire, but there were no casualties, he said. Russia's Investigative Committee, the country's top criminal investigation agency, said in a statement that explosions had caused the two bridges to collapse but did not give further details. Several hours later, it edited the statement, which was posted on social media, to remove the words "explosions" but did not provide an explanation. The committee said that it would be investigating the incidents as potential acts of terrorism. Rescue workers cleared debris from both sites, while some of those injured were transported to Moscow for treatment. Photos posted by government agencies in Bryansk appeared to show train carriages ripped apart and lying amid fallen concrete from the collapsed bridge. Other footage on social media was apparently taken from inside vehicles on the road that had managed to avoid driving onto the bridge before it collapsed. Bryansk regional Gov. Alexander Bogomaz announced three days of mourning for the victims, starting Monday. Damage to railway tracks was also found Sunday by inspectors working on the line elsewhere in the Bryansk region, Moscow Railway said in a statement. It did not say whether the damage was linked to the collapsed bridges. In the past, some officials have accused pro-Ukrainian saboteurs of attacking Russia's railway infrastructure. The details surrounding such incidents, however, are limited and cannot be independently verified. Ukraine's military intelligence, known by the Ukrainian abbreviation GUR, said Sunday that a Russian military freight train carrying food and fuel had been blown up on its way to Crimea. It did not claim the attack was carried out by GUR or mention the bridge collapses. The statement said Moscow's key artery with the Russian-occupied Zaporizhzhia region and Crimea has been destroyed. Russia forces have been pushing into the region of Zaporizhzhia in eastern Ukraine since Moscow's full-scale invasion in February 2022. Russia took Crimea and annexed it in 2014.
