German software company SAP will suspend all business in Russia, the company said in a press release Tuesday, coming on the heels of significant backlash against the company for its Russian business ties
Tuesday, coming on the heels of significant backlash against the company for its Russian business ties from as high up as Ukrainian President Volodymyr Zelensky.Key Facts
SAP is in the process of conducting an “orderly exit” from its operations in Russia, the company said Tuesday, announcing an end to the support and maintenance of its on-premise Russian software products, its last remaining link to the country.SAP, Microsoft and Oracle and other Western technology companies were backing the “bloody Russian aggressor” by providing support to its products in Russia in a viral March 13 tweet, marking Zelensky’s first direct naming of multinational firms.
SAP had previously paused all sales in Russia on March 2 and announced an end to its cloud computing services March 24.SAP is one of the largest technology companies in the world, with a market capitalization of more than $125 billion. A 2018 Reuters analysis
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German Technology Giant SAP, Previously Criticized By Zelensky, Announces Russian ExitUkrainian President Volodymyr Zelensky accused SAP of supporting the “bloody Russian aggressor” for continuing limited business operations in Russia in a viral March tweet.
Read more »
Zelensky: Russia Has ‘Begun the Battle for the Donbas’The Russian military has launched a push to capture eastern Ukraine, setting the stage for fresh bloodshed in the 2-month-old war.
Read more »
Russia-Ukraine live updates: Russian forces try to storm steel plant in MariupolUKRAINE-RUSSIA LATEST: • Russia declares next phase of Ukraine invasion • Russia-backed separatist forces try to storm Azovstal plant in Mariupol • Ukraine says Russia is stepping up attacks in the east
Read more »
Russia-Ukraine live updates: Russian commanders in Mariupol 'will be concerned'Mariupol has not yet fallen, despite Russia's demands that Ukrainian troops defending the besieged Ukrainian port city surrender, according to Ukrainian Prime Minister Denys Shmyhal.
Read more »
German Technology Giant SAP, Previously Criticized By Zelensky, Announces Russian ExitUkrainian President Volodymyr Zelensky accused SAP of supporting the “bloody Russian aggressor” for continuing limited business operations in Russia in a viral March tweet.
Read more »
CurrencyCom Attacked Hours After Announcing Pullout From RussiaBefore CurrencyCom announced to exit from the Russian market, it had approximately 500,000 customers based in the country.
Read more »