Shares in language services group RWS plunged as it suspended its operations in Russia and closed its office in the Ukrainian capital of Kyiv. RWS expects demand for translation into Russian to decline and its full-year performance was predicted to be at the lower end of market expectationsRWS's office in Kyiv employs 55 Ukrainians while its 80 staff in Russia are in St Petersburg. It said: 'RWS will not provide services or technology to Russian-owned businesses, whether fully owned or as part of a joint venture. 'Our priority continues to be to do all we can to support our Ukrainian employees during this dangerous time. 'The RWS Foundation and many of our employees are also supporting charities involved in relief efforts.'

Source: Daily Mail March 23, 2022 23:36 UTC