German software maker SAP mulls withdrawal from Russia -Handelsblatt


BERLIN (Reuters) – German enterprise software maker SAP is wanting into closing its enterprise in Russia after the nation’s invasion of Ukraine, the corporate’s chairman informed the Handelsblatt newspaper in an interview printed on Thursday.

“The assault by Russia on the Western world is totally terrifying. By the way in which, it isn’t Putin alone. Quite a big a part of the Russian folks appears to help him,” SAP chairman and founder Hasso Plattner informed Handelsblatt.

“We are analyzing how we will make a structured withdrawal from Russia. At the identical time, now we have an obligation to offer for our 1,300 staff in Russia,” Plattner added.

SAP has already stopped gross sales in Russia however it nonetheless affords updates and technical help to present prospects who are usually not affected by sanctions, Handelsblatt reported.

It additionally plans to close down its cloud providers in Russia, although it might give prospects the chance to again up their knowledge first, the newspaper reported.

(Reporting by Zuzanna Szymanska, enhancing by Thomas Escritt)

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