From Yahoo Finance: 2025-06-03 13:09:00

Russian steel billionaire Alexey Mordashov acknowledges the challenges in developing a homegrown alternative to SAP software, citing the need for more time and money. Severstal and Sibur work on an alternative to SAP after the company ceased operations in Russia due to geopolitical tensions.

Mordashov emphasizes the importance of finding a solution for Russian companies who rely on SAP software, stating the need for survival. Many Russian businesses are still using SAP but lack updates and support, making their systems vulnerable.

Severstal and Sibur initially partnered with Consist but have since exited, exploring solutions from Business Technologies. Meanwhile, Russian Railways and Gazpromneft collaborate with developer 1C to launch a domestic alternative to SAP in 2027, reflecting the challenges faced by Russian companies amid Western sanctions.

Read more: Russian billionaire says replacement of SAP software is costly but essential