They also were present on the NSDC sanction list in 2020 (for a year). The Russian ABBYY and its Ukrainian subsidiary also were included in the list. After that, the offices of big Russian IT companies in Ukraine were closed: Yandex Ukraine, VK Ukraine, etc. The assets of the sanctioned companies must be blocked along with other restrictions that should make their further activity impossible. The sanctions forbade purchases and transactions with state entities. This decree blocked social media VKontakte and Odnoklassniki, Mail.RU products, and other Russian services that were most visited among Ukrainian internet users. That list contained 468 names, and about 20% of them were IT companies. In 2017, President Petro Poroshenko of Ukraine signed a decree that confirmed the prior decision of the National Security and Defense Council (NSDC) regarding sanctions for Russian companies and their subsidiaries in Ukraine. How did the company get on the sanction list However, after the full-scale Russian invasion, the company supposedly transferred its assets to another Russian firm (that is connected with ABBYY and its team and owners).Īs a result, only one entity of ABBYY left in Ukraine and made millions of hryvnias, for example, in 2020. Nowadays, the company (as many other Russian businesses) claims it is international and headquartered in the US.
#Abbyy software software#
those sanctions forbade any transactions, blocked assets, and banned the software from use in state agencies.in 2017, the company got on the sanction list made by the Security and Defense Council of Ukraine due to the Russian military aggression since 2014.As of 2022, over 150 people worked in the Ukrainian office. Since the 1990s, the company has registered legal entities in Ukraine.
#Abbyy software pdf#
Its products are FineReader PDF, FineReader Server, PDF Transformer, Recognition Server, Smart Classifier, Comparator, Mobile OCR Engine, FlexiCapture, etc. In the 2000s, it got used by Ukrainian state authorities. In the 1990s, the company released software for corporate clients.
Its first product was the online dictionary Lingvo and the second one was the optical character recognition application FineReader. In 1989, ABBYY was founded by the Russian entrepreneur David Yang (he is on the Forbes 2021 TOP 200 wealthiest business people of Russia list). AIN.Capital’s editor reveals details of this story.
The Ukrainian government banned its products in 2017, but the company seems to continue its operation in Ukraine despite over five months since the beginning of the full-scale Russian invasion. ABBYY is one of the most famous Russian technology businesses like Yandex or Kaspersky Lab.
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