Microsoft Is Pulling Back Further From Russia After Ukraine Invasion


Microsoft is the latest company to take more steps to pull back from Russia.


Drew Angerer/Getty Images

Microsoft
is winding back its operations in Russia four months after the country invaded Ukraine.

The company suspended new sales in the country in March and will now pull back further, a move that will affect more than 400 employees, the company said in an email reported by Bloomberg on Wednesday. A
Microsoft
(ticker: MSFT) spokesperson didn’t immediately respond to requests for comment.

“As a result of the changes to the economic outlook and the impact on our business in Russia, we have made the decision to significantly scale down our operations in Russia,” Microsoft was quoted as saying. “We will continue to fulfil our existing contractual obligations with Russian customers while the suspension of new sales remains in effect.”

Microsoft shares were down 0.2% in premarket trading. They have fallen about 18% this year.

A number of companies have pulled out of Russia amid international condemnation for its invasion of Ukraine in February.
Marriott
hotels,
Starbucks
coffee houses and McDonalds fast food restaurants have also recently announced steps to withdraw from the country.

Write to brian.swint@dowjones.com



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