Ban on ERP systems, and sanctions against Moscow Stock Exchange | News -

Ban on ERP systems, and sanctions against Moscow Stock Exchange

On June 12, the United States imposed sanctions against the Moscow Stock Exchange and over 300 other legal entities and individuals. Trading with dollars and euros was therefore stopped, and the Bank of Russia announced that transactions will now be made via non-exchange market. Foreign trade operations remain possible, including for international companies, and the growth of exchange rate is expected not to exceed 10%.

Furthermore, the provision of certain IT services and software to Russian companies was banned. The sanctions are focused on ERP systems and cover also consulting and design, IT support and cloud services. Alexander Safiulin, Director IT practice at Bellerage, emphasizes the importance to complete software localization and arrange database storage in Russia by September 12, when restrictions come into effect. 

Our team will help you to transfer smoothly to Russian software without productivity loss and with minimal challenge for employees. We are an official partner of 1C vendor and have successful track record of comprehensive automation for international and Russian business.

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