A number of tech majors have halted operations in the country due to sanctions Foreign information technology (IT) companies that have left the Russian market following Western sanctions this year lost roughly $10 billion in profits, the head of Russia’s Ministry of Digital Development, Communications and Mass Media, Maksut Shadaev, said on Tuesday. The minister said that these companies, including prominent names in the industry like IBM and Microsoft, made the decision to leave on their own, aware of the losses they would suffer. “According to our estimates, the losses of international IT-companies that stopped
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