Finance

UK Finance Minister Rishi Sunak asked about Infosys presence in Russia

British Chancellor of the Exchequer Rishi Sunak (via REUTERS)

Britain’s Chancellor of the Exchequer Rishi Sunak was asked on Thursday about the Russian presence of Infosys, the Indian software services company in which his wife Akshata Murty has a stake.

In reference to harsh sanctions imposed on Russia, the Indian-born finance minister who is the son-in-law of Infosys co-founder Narayana Murthy was asked live if his business advice was not being followed at home . The Minister stressed that the operations of individual companies belong to them.

“It has been reported that you have family ties to Russia, your wife apparently has a stake in Indian consulting firm Infosys,” a Sky News reporter said in the TV interview.

“They operate in Moscow, they have an office there, they have a delivery office there. They have a connection with the Alpha Bank in Moscow. Do you give advice to others that you don’t follow back home?” she asked.

Sunak replied that as an “elected politician” he was giving the interview about what he was responsible for.

“My wife is not,” he said.

When asked if his family “potentially benefited” from Russian President Vladimir Putin’s regime, he said: “I don’t think that is the case, and as I said, the operations of all the companies depend on them.

“We have significant sanctions in place and all the companies we are responsible for are following them as they rightly should, sending a very strong message of aggression against Putin.”

He was then asked if Infosys, which also has a presence in the UK, was sending a similar ‘strong message’.

“I have absolutely no idea because I have nothing to do with this company,” Sunak replied.

An Infosys statement said the multinational software services company “supports and advocates for peace” between Russia and Ukraine.

The release states, “Infosys has a small team of employees based in Russia, which serves some of our global customers locally. We do not have any active business relationship with local Russian companies.

“A key priority for Infosys in times of adversity is to continue to provide support to the community. The company has committed $1 million to relief efforts for victims of the war in Ukraine.”

The UK has imposed far-reaching sanctions on Russian businesses and individuals, with Sunak calling on all UK businesses to “think very carefully” about any investment in Russia amid the ongoing Ukraine conflict.

“I urge companies to think very carefully about their investments in Russia and how they might help the Putin regime – and I am also clear that there is no need for new investments in Russia. We must collectively go further in our mission to inflict maximum economic suffering – and to stop further bloodshed,” he said earlier this month.

This story was published from a news feed with no text edits. Only the title has been changed.

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