US tech firm physically destroyed inventory in Russia ...News

Cisco decided to liquidate its equipment following its withdrawal from the sanctioned country US software and network equipment manufacturer Cisco Systems destroyed its inventory in Russia worth more than $20 million this past January after exiting the sanctioned country last year, TASS news agency reported on Wednesday, citing the company’s accounting statement.   According to the document, which was published on March 31, spare parts, “other property, including the IT equipment itself,” as well as vehicles, office furniture and appliances, and demonstration equipment were all destroyed.    “Inventories were phys

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