Home
Apps
Apps News
Oracle Suspends Operations in Russia Amid Ukraine Crisis, SAP Pauses Sales

Oracle Suspends Operations in Russia Amid Ukraine Crisis, SAP Pauses Sales

Oracle's announcement came soon after Ukraine's minister of digital transformation tweeted at the two companies asking for support.

By Reuters | Updated: 3 March 2022 19:09 IST

SAP will offer EUR 1 million (roughly Rs. 8,415 crore) in humanitarian support

Click Here to Add Gadgets360 As A Trusted Source

Highlights

SAP said against Russia "an important mechanism for peace”
It is stopping business in Russia aligned with sanctions
SAP has offered to convert its offices as accommodation for refugees

Business software giant Oracle said on Wednesday it has suspended all operations in Russia, while rival SAP later announced it would pause all sales in the country following Moscow's invasion of Ukraine.

Oracle's announcement on Twitter came about three hours after Ukraine's minister of digital transformation tweeted at the two companies asking for support.

On behalf of Oracle's 150,000 employees around the world and in support of both the elected government of Ukraine and for the people of Ukraine, Oracle Corporation has already suspended all operations in the Russian Federation.
— Oracle (@Oracle) March 2, 2022

Oracle did not respond to requests for comment to elaborate on its tweet, which said the company "has already suspended all operations in the Russian Federation."

SAP in a blog post on Tuesday called economic sanctions against Russia "an important mechanism in the efforts to restore peace."

Ukraine Vice Prime Minister Twitter-Shaming Firms to Action Over Invasion

"We are stopping business in Russia aligned with sanctions and, in addition, pausing all sales of SAP services and products in Russia," Chief Executive Christian Klein wrote.

He said that in addition to an initial EUR 1 million (roughly Rs. 8,415 crore) in humanitarian support toward Ukraine, SAP had "also offered to convert our office space at locations across Europe into warehousing and accommodation for refugees."

Gaana CEO and Spotify's India chief join us on Orbital, the Gadgets 360 podcast, to discuss India's unique music streaming landscape. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.