Microsoft on Wednesday said it was making cuts in its business in Russia . Microsoft has joined other companies such as Apple and Dell and is reducing their reach and exposure or pulling out of the country following its invasion of Ukraine. The company will however fulfill its existing obligations with their Russian customers.
“As a result of the changes to the economic outlook and the impact on our business in Russia , we have made a decision to significantly scale down our operations in Russia’’. a Microsoft spokesperson said.
Apple has also paused sales in Russia “We are deeply concerned about the Russian invasion of Ukraine and stand with all the people who are suffering as a result of the violence,’’. Apple said in a statement. “We are supporting humanitarian efforts, providing aid for the unfolding refugee crisis, and doing all we can to support our teams in the region.” Apple Has stopped all exports in the country. Apple pay and other services have been limited, the company said. Users in Russia were still able to access Apple’s online store but attempts to buy an iphone showed that they were not available for delivery. Russia represents only about 2% of Apple’s global revenue. Still, that is more than $7 billion in sales for the company that has annual global revenue exceeding $365 billion.
Many US Tech companies have been winding down operations in Russia after Vladimir Putin’s invasion of Ukraine. IBM said it’s beginning to suspend its business operations there, a decision announced in March. Nike Inc. have halted sales with Russia as western nations impose sanctions against Moscow following the attack.
In addition to suspending new sales, Microsoft has also halted many of its businesses in Russia , the company’s president, Brad Smith said .
Tech companies have also started to restrict Russian controlled media such as RT and Sputnik to prevent the spread of Russian propaganda. Facebook-owner Meta and Alphabet Inc’s Google have also taken measures to restrict Russian state media from making money off ads on their platforms.