🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Microsoft suspends sales in Russia as Western sanctions tighten

Published 03/04/2022, 09:11 AM
Updated 03/04/2022, 09:51 AM
© Reuters. FILE PHOTO: Small figurines are seen in front of displayed Microsoft logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration
MSFT
-
DELL
-
AAPL
-
NKE
-

(Reuters) - Microsoft Corp (NASDAQ:MSFT) said on Friday it was suspending new sales of its products and services in Russia, becoming the latest Western company to distance itself from Moscow after the Ukraine invasion.

Several major companies, including Apple Inc (NASDAQ:AAPL), Nike (NYSE:NKE) and Dell Technologies (NYSE:DELL), have severed connections with Russia as Western nations impose bold sanctions against Moscow following the attack.

Apple said on Tuesday it had paused all product sales in Russia. Dell made a similar move last week.

In addition to suspending new sales, Microsoft was stopping many aspects of its business in Russia in compliance with government sanctions, the company's president, Brad Smith, said.

Tech companies have also in recent days moved to restrict Russian state-controlled media including RT and Sputnik in response to requests from governments and calls to prevent the spread of Russian propaganda. Russia has called its actions in Ukraine a "special operation."

© Reuters. FILE PHOTO: Small figurines are seen in front of displayed Microsoft logo in this illustration taken February 11, 2022. REUTERS/Dado Ruvic/Ilustration

Earlier this week, Microsoft said it had removed RT's mobile apps from the Windows App Store and banned advertisements on Russian state sponsored media.

Facebook-owner Meta Platforms Inc and Alphabet (NASDAQ:GOOGL) Inc's Google and YouTube have also taken measures to restrict Russian state media from making money from ads on their platforms.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.