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The Russian equivalent of Microsoft Office reported a loss of nearly 9 billion rubles

UA NEWS 29 June 2026 16:30
The Russian equivalent of Microsoft Office reported a loss of nearly 9 billion rubles

The developer of the Russian office suite “MyOffice,” which was positioned as a replacement for Microsoft Office, ended 2025 with a net loss of 8.82 billion rubles.

According to the company’s updated financial statements, the loss was initially estimated at 4.02 billion rubles, but after adjustments, the figure more than doubled.

The company explained that the changes are related to a revision of its accounting for intangible assets. A portion of the amount previously recorded as assets was reclassified to the “Other Expenses” line item, which affected the financial result.

"MoyOffice" emphasized that the adjustment is of a technical nature and does not affect the company’s operations or its ability to fulfill its obligations to clients and partners.

The Kremlin issued guidelines on how to report on the gasoline shortage.

The fuel crisis in Russia is worsening: gasoline is running out at gas stations and lines are growing.

Russia has allowed lower-quality gasoline due to the fuel crisis.

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