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- Microsoft Russian is about to submit bankruptcy, claims local reports
- The company reduced its activities in response to the invasion of Ukraine
- Countless foreign companies already did the same
A key Microsoft The subsidiary in Russia is about to submit bankruptcy.
A Reuters Report of this with reference to “a memorandum published on the official Fedresurs register” Claims: “Microsoft Russ LLC was planned to explain bankruptcy”.
The company has four subsidiaries in the country, according to Tass: Microsoft RUS LLC (primary subsidiary responsible for marketing, localization and partner relationships), Microsoft Development Center RUS (Software Development and Engineering), Microsoft Mobile RUS (Mobile Technologies and Services) and Microsoft Payments RUS (Financial Transactions and payment services).
One down, three remaining
Fedresurs, or “Unified Federal Register or Legidally Significant Information on the activities of legal entities, individual entrepreneurs and other economic entities”, is the official online register of Russia that serves as a centralized platform for revealing legal information about business and entrepreneurial activities in the country.
Reuters Brings the news in the context of the continuous invasion of Russia in Ukraine.
The company apparently continued to provide important services in the country, even after 2022 and large sanctions that the country imposed by Western countries, but in June 2022 it said “considerably scaling” because of the changes in the economic outlook and the impact it will have.
When it comes to sanctions, Microsoft has participated in a certain sense and removed the mobile apps from Russia (RT) from the Windows App Store. Allegedly it would also be forbidden advertisements on the media sponsored by the State in the days after the invasion.
Microsoft is not the only company that applies for bankruptcy in Russia, after the war.
Last year Pepeliaev Group reported ”Mass bankruptcies“From foreign companies that flood Russian courts. The local subsidiary of Google also applied for bankruptcy in 2022 and claimed that the seizure of its bank account made it impossible to exploit.
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