Microsoft to suspend all sales, services in Russia
Shares of Microsoft Corp.
MSFT,
fell 2.1% in morning trading Friday, after the software giant said it will suspend all new sales of its products and services in Russia. The company said it was coordinating with the U.S. and U.K. governments and with the European Union to company its Russia businesses in compliance with sanctions imposed following Russia’s invasion of Ukraine. “Our single most impactful area of work almost certainly is the protection of Ukraine’s cybersecurity,” wrote President Brad Smith in a company blog post. “We continue to work proactively to help cybersecurity officials in Ukraine defend against Russian attacks, including most recently a cyberattack against a major Ukrainian broadcaster.” Microsoft’s stock has gained 3.3% since Russia’s invasion of Ukraine was launched, while the Dow Jones Industrial Average’s djia] has edged up 0.7%. Microsoft is the latest technology behemoth to announce support for Ukraine, but halting business in Russia.
