Infosys likely to cease its operations in Russia: Report | Business Upturn

 Infosys likely to cease its operations in Russia: Report

According to the report, the company, founded by NR Narayana Murthy, had been under pressure to cease operations in Russia. As a result of Russia’s aggression in Ukraine, many large corporations have left the country.

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According to a BBC report, the Indian technology giant Infosys is closing its office in Russia in response to the country’s war in Ukraine.

According to the report, the company, founded by NR Narayana Murthy, had been under pressure to cease operations in Russia. As a result of Russia’s aggression in Ukraine, many large corporations have left the country.

According to BBC sources, Infosys is looking for replacement roles for its employees in Moscow.
Rishi Sunak, the United Kingdom’s Chancellor, is married to Narayana Murthy’s daughter Akshata Murthy and has a stake in the company. According to the BBC, she owns Infosys shares worth more than 400 million pounds.

Sunak has denied that his family benefited from Russian President Vladimir Putin’s regime, and he has stated that he has “nothing to do with” Infosys.

After Russia invaded Ukraine in February, many countries imposed sanctions on it. The United Kingdom has raised tariffs on a wide range of imports, from vodka to steel, and has prohibited the export of luxury goods to Russia.

Sunak’s wife was accused of collecting “blood money” in dividends while Infosys continued to operate in Russia. “You know, I think it’s totally fine for people to take shots at me,” the UK chancellor responded. It’s all fair game… It’s very upsetting and, in my opinion, wrong for people to try to attack my wife.”

Russia’s war on Ukraine is said to have killed thousands of people and forced more than 41 lakh people to flee their homes.