Oracle suspends operations in Russia, SAP pauses sales
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[OAKLAND] Business software giant Oracle said on Wednesday (Mar 2) 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 3 hours after Ukraine's minister of digital transformation tweeted at the 2 companies asking for support.
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". "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 1 million euros (S$1.5 million) in humanitarian support toward Ukraine, SAP had "also offered to convert our office space at locations across Europe into warehousing and accommodation for refugees". REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
