SAP Pauses Sales to Russia
March 03 2022 - 5:34AM
Dow Jones News
By Ed Frankl
German software company SAP SE has paused sales to Russia in
response to the country's invasion of Ukraine, it said
Wednesday.
"We are stopping business in Russia aligned with sanctions and,
in addition, pausing all sales of SAP services and products in
Russia," SAP's Chief Executive Christian Klein said in a blog post
on the company's website.
"We are in constant exchange with governments around the world,
have every confidence in their guidance, and fully support the
actions taken so far," he added.
SAP, Germany's largest listed company by market capitalization,
said it would also offer its technology to the Red Cross and other
agencies to support humanitarian efforts.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
March 03, 2022 05:19 ET (10:19 GMT)
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