Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Cisco is an American multinational technology conglomerate corporation. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Top 100 largest companies in Russia by revenue
Top 100Cisco had representative offices in Moscow and St. Petersburg, as well as production in Russia. Orderly wind down Russian operations. On December 15th, 2023, Cisco, a global network equipment and software manufacturer, announced the liquidation of its legal entity in Russia. Following the announcement, Cisco proceeded to destroy parts for equipment valued at 1.9 billion rubles. This included not only technological components but also vehicles, office furniture, and equipment. However, the company still has one legal entity in Russia.
Cisco is stopping all business operations, including sales and services, in Russia and Belarus for the foreseeable future. There are no statement about local manufacturing. A purportedly leaked Russian customs database shows around 500 shipments of Cisco gear arriving in Russia in August, months after the networking giant halted its business operations in that country. In January 2023, the manufacturer of network equipment and software products Cisco Systems "physically destroyed" its material and production stocks in Russia in the amount of 1.86 billion rubles due to the cessation of sales. These are mainly spare parts, however, other property is also subject to destruction, including the IT equipment itself, according to the accounting reports of one of Cisco's legal entities in the Russian Federation - Cisco Systems. 12.2023: The legal entity Cisco Systems LLC was liquidated. Partial exit, there is 1 more company.