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Oracle suspend all operations in Russia

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Oracle suspend all operations in Russia
Image: Financial Time

Oracle has announced that it has suspended all business operations in Russia as a result of Russia’s invasion of Ukraine. The announcement came three hours after Ukraine’s digital transformation minister tweeted an appeal for help from the software giant.

According to Reuters, Ukraine plans to take the support of dozens of tech businesses to increase pressure on Russia, with Oracle’s decision serving as a model for corporate action.

SAP in a blog post on Tuesday called economic sanctions against Russia “an important mechanism in the efforts to restore peace.”

Related: Apple pause its product sales in Russia after its invasion of Ukraine

“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.

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He said that in addition to an initial 1 million euros ($1.11 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.”

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