Dassault Systèmes Suspends New Business in Russia and Belarus

Rhea-AI Summary

Dassault Systèmes has announced the suspension of all new business operations in Russia and Belarus due to the ongoing conflict in Ukraine. The move aims to comply with international sanctions while providing minimal support to existing compliant customers. The company's primary focus remains on ensuring the safety and well-being of its colleagues affected by the war. Although there are no employees in Ukraine, the firm has initiated measures to assist those with family ties in the region. The company continues to uphold its ethical standards amidst the turmoil.

Positive

• Commitment to ethical standards by suspending new business in Russia and Belarus.
• Measures to support colleagues with family in Ukraine, showing corporate responsibility.

Negative

• Potential loss of revenue from suspending new business in key markets.

Press Release
VELIZY-VILLACOUBLAY, France — March 9, 2022

Russia’s invasion of Ukraine is a disaster in every regard and triggers unprecedented turmoil. Many people at Dassault Systèmes have personal, professional and family bonds with Ukraine. This human tragedy resonates with our entire company. Dassault Systèmes strongly stands for peace. We stand in solidarity with the people of Ukraine.

Dassault Systèmes has decided to suspend all new business in Russia and Belarus, and set the framework for it to take effect this week. We may maintain some minimal support activities for our existing customers who are not subject to sanctions, and will continue complying with all applicable export control restrictions and sanctions laws relevant to our operations as well as with the rules of ethics and international standards. We will provide the necessary support for our colleagues in Russia throughout the implementation of this plan.

Since the invasion began, our primary concern has been the safety and well-being of our colleagues and their families in areas impacted by the war. This remains our absolute priority. While we do not have any colleagues in Ukraine, Dassault Systèmes has put measures in place to support members of our teams who have family members there, who must temporarily relocate, or who have any concerns related to this crisis. We hope for a swift and peaceful resolution to this war, and for the safety of everyone affected by it across the region.

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ABOUT DASSAULT SYSTÈMES

Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production to achieve a more sustainable world for patients, citizens, and consumers.  Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com

Dassault Systèmes Investor Relations Team                FTI Consulting
François-José Bordonado /Béatrix Martinez:                Arnaud de Cheffontaines: +33 1 47 03 69 48
+33 1 61 62 69 24/70 21                                Jamie Ricketts : +44 20 3727 1600
investors@3ds.com                                        Elena Kalinskaya: +44 20 3727 1600
USA & Canada: callie.gauzer@3ds.com                 

Dassault Systèmes Press Contacts
Corporate / France        Arnaud MALHERBE        arnaud.malherbe@3ds.com        +33 (0)1 61 62 87 73
North America        Suzanne MORAN        suzanne.moran@3ds.com        +1 (781) 810 3774
EMEAR        Virginie BLINDENBERG        virginie.blindenberg@3ds.com        +33 (0) 1 61 62 84 21
China        Grace MU        grace.mu@3ds.com        +86 10 6536 2288
India        Kriti ASHOK        kriti.ashok@3ds.com         +91 9741310607
Japan        Yukiko SATO        yukiko.sato@3ds.com        +81 3 4321 3841
Korea        Jeemin JEONG        jeemin.jeong@3ds.com        +82 2 3271 6653
AP South        Pallavi MISRA        pallavi.misra@3ds.com         +65 90221874

© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the Compass icon, the 3DS logo, CATIA, BIOVIA, GEOVIA, SOLIDWORKS, 3DVIA, ENOVIA, NETVIBES, MEDIDATA, CENTRIC PLM, 3DEXCITE, SIMULIA, DELMIA, and IFWE are commercial trademarks or registered trademarks of Dassault Systèmes, a French “société européenne” (Versailles Commercial Register # B 322 306 440), or its subsidiaries in the United States and/or other countries.

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• Dassault Systèmes Suspends New Business in Russia and Belarus

FAQ

What decision did Dassault Systèmes make regarding business in Russia and Belarus?

Dassault Systèmes has suspended all new business activities in Russia and Belarus in response to the Ukraine conflict.

How is Dassault Systèmes supporting its employees affected by the Ukraine crisis?

The company prioritizes the safety and well-being of its employees and has implemented support measures for those with family members in Ukraine.

What is the expected impact of Dassault Systèmes' suspension of business in Russia on its revenue?

The suspension of new business in Russia and Belarus may lead to potential revenue loss for Dassault Systèmes.

When did Dassault Systèmes announce its suspension of business in Russia and Belarus?

The suspension was announced on March 9, 2022.

What is Dassault Systèmes' stance on the conflict in Ukraine?

Dassault Systèmes stands for peace and expresses solidarity with the people of Ukraine, emphasizing the human tragedy caused by the war.