Feedback estimates damage from losing Ukrainian market

Source : 112 Ukraine

The negative effect of Ukrainian market leaving Group will account for 1,5% of total revenue in 2017
14:56, 10 August 2017

Open source Group assessed negative consequences of business withdrawal from Ukraine in connection with sanctions imposed by the country and it’s 1,5% of total revenue for the end of 2017. This was stated by the chairman of the board of directors and group co-founder Dmitry Grishin, Interfax reports.

"Blocking of our products in Ukraine in the second quarter had an adverse impact on our revenue. We estimate the negative impact amounting to 1,5% of our total income in 2017. Despite this, in other areas, our business remains very good," Grishin said.

Related: Number of providers already blocked Vkontakte, Yandex and

As it was reported earlier Mail.Ru shut their offices after being blocked in Ukraine. All Ukrainian employees got the job offers in Russian offices.

Related: Another Ukrainian provider blocks Russian websites

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