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 Withdrawal

Global 500, is an annual ranking of the top 500 corporations worldwide

Global 500

Top 100 largest companies in Russia by revenue

Top 100
Revenue(RF), mln.USD
81
Assets(RF), mln.USD
177
Capital(RF), mln.USD
225
Glob.Revenue, mln.USD
51557
Staff(RF), 2021
266
Taxes(RF), mln.USD
4

Cisco 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.

The Company Statement
December 18, 2023

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.

April 29, 2024Russia has denied entry to representatives of Cisco and Micro Focus in response to Britain's aggressive anti-Russian course
April 29, 2024Micro Focus
December 15, 2023LLC "CISCO SYSTEMS" - Moscow - Liquidator Dunkova E. V. - TIN 7705751094
November 30, 2023Cisco secretly sends modified switches to Ukraine to protect against cyberattacks
April 05, 2023American Cisco destroyed warehouses with equipment, furniture and vehicles before leaving Russia
April 05, 2023Due to the termination of sales, Cisco destroyed spare parts for equipment in the Russian Federation for 1.9 billion rubles.
February 14, 2023Inside the Gray Market Keeping Cisco Tech in Stock in Russia
December 14, 2022Russian companies will turn off American routers due to sanctions
November 05, 2022How Cisco turns a blind eye to the presence of "grey" products in Russia
November 02, 2022Letter sent by B4Ukraine to the company (no response provided)
October 22, 2022Cisco gear is being shipped into Russia from China and other countries, leaked customs database shows
June 23, 2022The War in Ukraine: Supporting our Customers, Partners, and Communities
June 23, 2022Cisco, Nike quit Russia, as pace of Western firms leaving speeds up
May 20, 2022Technogiant CISCO continues business in Russia despite announcing pullout
April 04, 2022Cisco suspended business operations in Russia and Belarus
March 08, 2022The War in Ukraine: Supporting our Customers, Partners, and Communities
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Company statements and statistical data are collected from open sources and official registers according to the methodology of the KSE Institute.
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