Cisco destroys 1.9 bln rbl spare parts in Russia as sales halted - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Cisco destroys 1.9 bln rbl spare parts in Russia as sales halted

MOSCOW, Apr 5 (PRIME) -- U.S. network equipment and software maker Cisco Systems physically destroyed its stock, including spare parts for equipment, in Russia for 1.864 billion rubles in January as its sales are halted, according to an accounting statement of its local firm released on Wednesday.

According to the decision as of August 9, 2022 Уdue to the termination of sales and services and the suspension of licenses and services of Cisco and the inability of re-exporting, all reserves, IT equipment, demonstration samples, and plant assets of the company are to be destroyed.Ф

The company dissolved the majority of labor contracts with its employees upon agreement of the parties in JulyЦAugust 2022. The total amount of payments to the personnel and compulsory contributions to the non-budget funds amounted to 190.64 million rubles.

Cisco said in June 2022 that it started pulling out gradually from the markets of Russia and Belarus.

(79.3563 rubles Ц U.S. $1)

End

05.04.2023 10:24
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 103.8680 +0.7049 03 oct
USD 98.4785 +1.0638 03 oct
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3162.53 +0.93 18:50 03 oct
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 166.00 -0.65 17:34 02 oct
lkoh 6698.00 +0.31 17:33 02 oct
rosn 537.00 0.00 17:40 02 oct
sber 260.72 0.00 17:40 02 oct
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 103.8150 +1.0625 14:59 02 oct
USDTD 99.0200 +1.4000 17:34 02 oct