Yesterday's Q4 2022 earnings call CEO Salil Parekh stated the company will pull out. Parekh told investors Infosys has around has 100 employees in the nation, all working for global clients. Infosys has no engagements with Russian entities, the CEO added.

Parekh said Infosys has decided to move the work performed by staff in Russia to other unspecified locations. The fate of those staff was not discussed. Infosys has also donated $1 million towards Ukrainian relief efforts and is "launching a programme to digitally re-skill up to 25,000 individuals."

However, in the UK the move is being seen as a move to get out of a mess over Akshata Murthy (left). Murthy is the wife of British Chancellor of the Exchequer Rishi Sunak (right), and the daughter of Infosys co-founder N. R. Narayana Murthy. She is richer than the queen of England and owns holds shares worth almost a billion dollars in Infosys. So while her husband has been raising taxes, she avoids paying UK tax because of her non-domiciled status.

Infosys’s links with Russia were another embarrassment for Sunak as he would be personally profiting from dealing with Russia while at the same time rolling in sanctions for other companies. No doubt, Infosys’s moves will be a great relief to

Sunak as will his wife’s agreement to pay taxes on her Infosys dividends.