World of Tanks juggernaut Wargaming has made the difficult decision to withdraw its business from Belarus and Russia as a result of the countries’ ongoing war with Ukraine.
In a statement released to the press, Wargaming revealed it had handed over control of its live service business in both countries to local firm Letsa, who is now no longer affiliated with Wargaming. It will also be closing its Minsk studio once the proper procedures have been completed.
The statement also notes that business will continue in Belarus and Russia whilst the transition period is concluded, and the company is set to be hit with a significant loss in profits as a result of the withdrawal. You can read the full statement below.
'’Over the past weeks, Wargaming has been conducting a strategic review of business operations worldwide. The company has decided it will not own or operate any businesses in Russia and Belarus.
Effective March 31 the company transferred its live games business in Russia and Belarus to the local management of Lesta Studio which is no longer affiliated with Wargaming. The company will not profit from this process either today or going forward. Much to the contrary, we expect to suffer substantial losses as a direct result of this decision.
We will be completing the operational transition with all due speed while remaining in full compliance with all laws and ensuring the ongoing safety and support of our employees. During the transition period, the live products will remain available in Russia and Belarus and will be operated by the new owner.
Wargaming has also started the process of closing its studio in Minsk. It will be conducted in strict compliance with the law. Heads of Products and Services will be meeting with their teams shortly to discuss the impact of this decision on each department.
We will provide as much severance and support as possible to employees affected by the change.’’</b>
Wargaming’s move is just the latest in a slew of similar ones by companies in gaming and beyond in direct protest to the actions of Russia and Belarus over the past few weeks.
