Cisco will leave the markets of Russia and Belarus

The American manufacturer of telecommunications equipment and software, Cisco, announced its intention to gradually cease its activities in Russia and Belarus. Relevant statement published June 23 on the company’s website.

“We have made the decision to begin the systematic winding down of our business in Russia and Belarus,” the statement says.

The corporation’s press release also said it will communicate directly with customers, partners and vendors to resolve financial matters, including reimbursement of prepaid services and software agreements, to the extent permitted by the laws and regulations of the listed countries. Cisco also promised to provide support to Russian and Belarusian employees.

By data Reuters, to withdraw from the Russian and Belarusian markets Cisco spurred by the fact that other Western companies have accelerated the pace of winding down business in these countries. As the agency notes, foreign manufacturers are frightened by the prospect that in the coming weeks Russia could pass laws that would allow Moscow to seize the assets of Western companies and subject them to criminal prosecution.

In early March, Cisco announced the termination of business operations, including sales and services in the region. The events in Ukraine were cited as the reasons for this decision.

On the afternoon of June 23, Microsoft President Brad Smith in an interview with The Washington Post informed about the intention to continue reducing business in Russia “until there is nothing left of it.” The head of the company added that Microsoft plans to provide support to its Russian employees.

At the end of March, Microsoft informedthat will continue to cooperate with non-sanctioned Russian companies, and will also work with Russian schools, hospitals and some other organizations.

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker