October 2022. Ajax Systems co-founder Oleksandr Konotopskyi appears on the cover of Forbes Ukraine. The publication dedicates a major article to the entrepreneur, focusing on the company's development during the full-scale war, international expansion, and the prospects of Ukrainian tech business.
But behind the glossy success story lies a question that has yet to receive a clear answer: what actually happened to Ajax Systems' business presence in Russia after the full-scale invasion began?
Did the editorial team of Forbes Ukraine know that at the time the article was published, a Russian legal entity associated with Ajax continued to exist? Did the journalists account for the fact that the company's process of exiting the Russian market was far from complete? These questions remain open.
After February 24, 2022, Ajax Systems publicly announced the cessation of its operations in the Russian market. However, corporate registry data and financial reporting indicate that the legal completion of this process dragged on for another year.
In March 2022, the Russian LLC "Ajax Systems" (ООО «Аджакс Системс»), registered under the company's co-founder Oleksandr Konotopskyi, did not cease to exist. Instead of liquidation, the legal entity changed its name to LLC "Global Trade" (ООО «Глобал Трейд») and continued its operations.
And this did not look like a mere formal change in the registry.
According to official financial reporting for 2022, the company declared a revenue of approximately $4.75 million and paid over $70,000 in taxes and fees to the budget of the Russian Federation. The final liquidation of the legal entity was completed only in March 2023.
However, even after the public statement about exiting the Russian market, another question remains: did Ajax products actually disappear from the Russian market in practice?
In March 2022, users on Russian forums and specialized platforms discussed Ajax Systems' announced withdrawal from the Russian Federation. At the same time, individual sellers reported that the company's equipment remained in warehouses and continued to be sold.
Among the sellers of Ajax products in Russia, the company Vidosgroup was mentioned, which was positioned on the market as an official representative. As of November 2023, Ajax Systems products were still listed in Vidosgroup's catalog.
According to analytical services data, the main audience of the Vidosgroup website between August 2022 and July 2023 originated from Russia—94.37%.
Moreover, as of July 2026, Ajax Systems products remain available on this seller's website.
Thus, between the public statement about exiting the Russian market and the actual cessation of the company's presence in the Russian Federation, a number of questions remain.
But behind the glossy success story lies a question that has yet to receive a clear answer: what actually happened to Ajax Systems' business presence in Russia after the full-scale invasion began?
Did the editorial team of Forbes Ukraine know that at the time the article was published, a Russian legal entity associated with Ajax continued to exist? Did the journalists account for the fact that the company's process of exiting the Russian market was far from complete? These questions remain open.
After February 24, 2022, Ajax Systems publicly announced the cessation of its operations in the Russian market. However, corporate registry data and financial reporting indicate that the legal completion of this process dragged on for another year.
In March 2022, the Russian LLC "Ajax Systems" (ООО «Аджакс Системс»), registered under the company's co-founder Oleksandr Konotopskyi, did not cease to exist. Instead of liquidation, the legal entity changed its name to LLC "Global Trade" (ООО «Глобал Трейд») and continued its operations.
And this did not look like a mere formal change in the registry.
According to official financial reporting for 2022, the company declared a revenue of approximately $4.75 million and paid over $70,000 in taxes and fees to the budget of the Russian Federation. The final liquidation of the legal entity was completed only in March 2023.
However, even after the public statement about exiting the Russian market, another question remains: did Ajax products actually disappear from the Russian market in practice?
In March 2022, users on Russian forums and specialized platforms discussed Ajax Systems' announced withdrawal from the Russian Federation. At the same time, individual sellers reported that the company's equipment remained in warehouses and continued to be sold.
Among the sellers of Ajax products in Russia, the company Vidosgroup was mentioned, which was positioned on the market as an official representative. As of November 2023, Ajax Systems products were still listed in Vidosgroup's catalog.
According to analytical services data, the main audience of the Vidosgroup website between August 2022 and July 2023 originated from Russia—94.37%.
Moreover, as of July 2026, Ajax Systems products remain available on this seller's website.
Thus, between the public statement about exiting the Russian market and the actual cessation of the company's presence in the Russian Federation, a number of questions remain.