Written by Brenda Nakalema

Microsoft Is Pulling Back Further from Russia Since its Invasion of Ukraine

Microsoft is scaling back its operations in Russia just four months after the Russian invasion of Ukraine. In March, the …

Microsoft is scaling back its operations in Russia just four months after the Russian invasion of Ukraine. In March, the company suspended new sales in the country and is now scaling back further.

The company said this move alone would affect more than 400 employees in an email. “As a result of major the changes to the country’s economic outlook plus the devastating the impact on our business within Russia, we have made the tough decision to significantly scale down our operations in Russia,” said Microsoft. “We will continue to fulfil our existing contractual obligations with Russia customers while the suspension of new sales remains in effect.”

Pre-market trading saw Microsoft (ticker: MSFT) shares drop 0.2%. They have fallen roughly 18% this year so far.

The move by Microsoft follows suit with other companies that have pulled out of Russia amidst international condemnation for its attack on Ukraine. Marriott Hotels, Starbucks coffee houses and Mcdonalds fast food restaurants have each announced their plans to exit the country.