12:16 PM EDT, 05/30/2025 (MT Newswires) -- Microsoft's ( MSFT ) Russian unit is planning to file for bankruptcy in the Moscow Arbitration Court, Interfax reported Friday.

The report said Microsoft Rus has published a notice on the official Fedresurs registry for the planned filing, with Gazprombank named as the company's creditor.

According to Interfax, Gazprombank filed a 90.9 million Russian ruble- ($1.2 million) lawsuit against Microsoft Rus in January for unjust enrichment. The case relates to a support agreement between the companies, where the Microsoft ( MSFT ) unit had ceased providing services in April 2022 even after it received payments for the services through September the same year.

Microsoft ( MSFT ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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