future.
An RBC source familiar with the case explained that Oracle's letter may be about obtaining a license from the US Office of Foreign Assets Control (OFAC, a division of the US Treasury Department responsible for enforcement in the area of sanctions). This is the country's only regulator that can issue such documents, the source noted.
The fact of receiving a letter from Oracle was confirmed to RBC by sources in four creditor companies, as well as the bankruptcy trustee for Oracle Computer Equipment, Yegor malta whatsapp number database Nepomnyashchikh. According to him, the letter raised many questions: how exactly the debts will be repaid, how Oracle plans to pay off state structures that are creditors of its subsidiary, for example, the Federal Tax Service. At the same time, Nepomnyashchikh noted that Oracle's letter is not legally significant, since it does not indicate the sender and there is no signature. According to him, the creditors sent clarifying questions to the company and are waiting for clarification. Nepomnyashchikh could not say whether Oracle's proposal will affect the bankruptcy procedure of the Russian subsidiary, noting that this depends on the further actions of the parent company.
How Oracle Left Russia
Oracle offers cloud solutions in the areas of business analytics, hybrid clouds, machine learning, and data storage. The company's Russian division was engaged in software development and technical support. Its clients included the Federal Tax Service, the Treasury, the Ministry of Finance, the Ministry of Transport, the Federal Customs Service, the Social Insurance Fund, the Central Bank, etc.
In March 2022, Oracle suspended its operations in Russia, and in June of the same year, the IT company Krok filed a bankruptcy claim against Oracle Computer Equipment. The court declared the legal entity bankrupt in August 2023, after which bankruptcy proceedings began. Its creditors include the IT company Force — Development Center with a debt of 440 million rubles, distributor Marvel Distribution (425.2 million rubles), Alfa-Bank (99.4 million rubles), Sberbank (77.2 million rubles), MegaFon (44 million rubles), Infosystems Jet (20 million rubles), etc.