Cisco has decided it’s time to leave Russia and Belarus nearly four months after shutting down operations in response to Russia’s illegal invasion of Ukraine.
The networking giant announced it would be ceasing operations in Russia and Belarus “for the foreseeable future” on March 3 this year.
A June 23 update suggests Cisco sees no future in either country.
Russia and China warn the US that its cyber support of Ukraine will have consequences
“We have now made the decision to begin an orderly winding-up of our business in Russia and Belarus,” the statement said.
The company also promises to “communicate directly with customers, partners and vendors to manage our financial affairs, including refunds on prepaid service and software agreements, to the extent permitted by applicable laws and regulations.”
A spokesman said The registry The company “remains committed to using all of its resources to help our employees, the institutions and people of Ukraine, as well as our customers and partners during this challenging time.”
The registry asked whether the decision means that Cisco’s cloud-hosted products will not be available in Russia and Belarus, whether remote support services will also be affected, and whether Russian users will be denied access to other online tools such as software downloads becomes.
Cisco informed us that it had nothing more to say beyond its published comments.
Cisco has previously told investors that its earlier decision to halt operations in Russia cost it $200 million in the third quarter alone. Leaving the country entirely will result in real pain: Cisco’s annualized revenue figure through April 30, 2022 was $51.6 billion. If we assume that leaving Russia costs $800 million a year, Cisco is giving up about 1.6 percent of annual revenue — but avoiding a regulatory backlash and perhaps gaining the respect of many.
Cisco’s actions may seem a little late, but the company isn’t the only big tech player to have escalated its response to the illegal invasion. Microsoft, for example, this week geoblocked the section of its website dedicated to installing Windows 10 and 11 to Russia. ®
https://www.theregister.com/2022/06/24/cisco_quits_russia_and_belarus/ Cisco leaves Moscow • The Register