Epam Systems Inc. will discontinue its services to customers located in Russia due to the situation in Ukraine, the digital transformation services and product engineering company said in a press release.

"EPAM is committed to providing transition support for customers in this market. EPAM does not do work for the government in Russia and is and will continue to be in full compliance with all sanctions," it said.

EPAM is announcing an incremental $100 million humanitarian commitment to support its employees in Ukraine and their families.

"EPAM is executing business continuity plans. As previously announced, the company is executing business continuity plans and accelerating hiring across multiple locations in Central and Eastern Europe, Latin America, and India. EPAM continues to operate productively in more than 40 countries and continues to provide consistent high-quality delivery in all geographies around the world. The Company's global delivery centers have ample resources, including infrastructure and capital to support and grow operations," it said.

EPAM Systems Inc. was founded in Minsk in 1993. It has offices in 25 countries and customers in more than 40 countries. Revenue grew 53.1% to $1.017 billion in Q4.