- Microsoft Rus is about to declare in bankruptcy, demand local reports
- The company reduced its operations in response to the invasion of Ukraine
- Innumerable foreign companies have already done the same
A Microsoft key subsidiary in Russia is about to declare in bankruptcy.
TO PakGazette Report that quotes “a note published in the Official Registry of Fedress” states: “Microsoft Rus LLC intended to declare himself in bankruptcy.”
The company has four subsidiaries in the country, according to Tassel: Microsoft Rus LLC (main subsidiary responsible for marketing, location and partner relationships), Microsoft Development Center Rus (Software 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 Registry of legally significant information on the activities of legal entities, individual businessmen and other economic entities”, is the official online record of Russia that serves as a centralized platform to reveal legally significant information about the activities of the company and entrepreneurship in the country.
PakGazette He is putting the news in the context of the continuous invasion of Russia of Ukraine.
Apparently, the company continued to provide key services in the country even after 2022 and the main sanctions imposed on the country for Western nations, but in June 2022, it said that it would be “significantly reduced” due to changes in economic perspectives and the impact it will have.
When it comes to the sanctions, Microsoft participated in a sense, eliminating the mobile applications of Russia Today (RT) of Windows App Store. Also supposedly prohibited ads in the media sponsored by the Russian State in the days after the invasion.
Microsoft is not the only company that is declared in bankruptcy in Russia, following the war.
Last year, the Papeliaev Group reported “mass breaks” of foreign companies that flooded the Russian courts. Google’s local subsidiary declared bankruptcy in 2022, stating that the seizure of its bank account made it impossible to operate.
