Page 132 - RusRPTOct23

a significant contribution to the economy of Russia that attacked Ukraine.
After leaving Ozon shortly after the sanctions, Shulgin challenged them on the basis of vagueness and lack of evidence. In the second case, Shulgin indicated that he could not be held responsible for actions aimed at violating the stability of Ukraine, and also ceased to be a businessman in a sector of the economy that brings significant income to the Russian authorities. In addition to the main sanctions ruling, he appealed against two decisions to keep him on the list, taken after leaving Ozon.
● Other
The world's largest crypto exchange Binance is considering a complete withdrawal from Russia due to ongoing sanctions, a spokesman for the company told the Wall Street Journal on Monday. "All options are on the table, including a full exit," a Binance spokesperson said, commenting on the company's future in this country. Binance has long been accused of allegedly helping Russian nationals to move money overseas. As a result, Binance has been forced to further restrict its peer-to-peer (P2P) trading service in Russia from today, telling clients that they cannot exchange digital tokens for currency other than rubles.
The world's leading business software manufacturer, German SAP, will finally stop supporting its solutions in Russia before the end of the year. According to Kommersant, more than 100 of its Russian clients have received letters from SAP since Monday.
The company announced its withdrawal from the Russian market in the spring of 2022 and relocated employees to the CIS countries last summer, but support for existing customers has still continued.
At its peak, SAP occupied 60% of the Russian market for enterprise management systems (ERP systems). Almost all major Russian companies continue to sit on SAP, including flagships like Gazprom, Sberbank, Norilsk Nickel and Russian Railways. Due to the deep integration of this software, replacing it often amounts to stopping operations, so business efforts have focused on third-party support. One Russian Railways estimated the cost of replacing "departed" solutions (not only SAP) at 6.4 billion rubles.
Alternative domestic solutions exist - these are complexes from 1C and Lanit, but they are inferior in performance and are more suitable for medium-sized businesses. SAP localization looks cheaper and more rational.
The leader in this promising market promises to be Lab SP LLC, established last December by former employees of the Russian office of SAP. So far, the financial performance of this company is modest - the LLC's revenue for the
132 RUSSIA Country Report October 2023 www.intellinews.com