Infosys to close operations in Russia: report
Indian software major Infosys is closing its operations in Russia, according to reports. The move comes days after the son-in-law of company co-founder NR Narayan Murthy, Rishi Sunak, who is the UK’s Chancellor of the Exchequer, was accused by UK media of profiting from Vladimir’s regime. Putin.
The British public service broadcaster BBC late Friday night quoted sources as saying that Infosys was “trying to find replacement positions overseas for staff employed in Moscow”.
Infosys has so far not responded to letters sent by The Indian Express, which sought to know the number of employees it had in Russia and the reasons for closing operations in the country.
The announced shutdown of operations comes about a week after British media accused Sunak of profiting from Putin’s regime because Infosys had ties to local businesses in Russia. Sunak is married to NR Narayan Murthy’s daughter, Akshata Murthy.
In an earlier statement, Infosys denied having active business relationships with local businesses and said the company had committed $1 million to relief efforts for war victims in Ukraine.
“Infosys has a small team based in Russia, which serves some of our global customers locally. We do not have active business relationships with local Russian companies. One of Infosys’ top priorities in times of adversity is to continue to extend its support to the community. The company has committed $1 million to relief efforts for war victims in Ukraine,” the company said in a statement last month.
Earlier in March, Sunak had, in a televised statement, called on British companies to refrain from making new investments in Russia.
“I welcome the commitments already made by a number of companies to divest Russian assets – and I want to make it abundantly clear that the government is supporting new signals of intent. I urge companies to reflect very carefully about their investments in Russia and how they could help the Putin regime – and I am also clear that there is no need for new investments in Russia,” Sunak said on March 13. .
Since the beginning of the Russian invasion of Ukraine on February 24, several companies around the world have announced that they will temporarily restrict or stop providing services to Russia and its citizens. On the other hand, countries have imposed economic sanctions and seized assets belonging to Russian companies and their businessmen.