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Yahoo
an hour 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.
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.
Economic Times
3 days ago
- Business
- Economic Times
Microsoft unit in Russia to file for bankruptcy, database shows
Live Events One of Microsoft Corp's subsidiaries in Russia plans to file for bankruptcy, according to a note published on the official Fedresurs registry on did not immediately respond to an emailed request for Vladimir Putin said this week that foreign service providers like Microsoft and Zoom should be "throttled" in Russia to make way for domestic software 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 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 note posted on Fedresurs on Friday said that Microsoft Rus LLC was intending to declare 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 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.
