Nike And Cisco Systems To Fully Exit Russia [VIDEO]

Reuters reports:

U.S. companies Cisco Systems and Nike plan to fully exit Russia, the two firms told Reuters on Thursday, as the pace of Western firms departing accelerated.

Telecoms equipment maker Cisco will wind down its business in Russia and Belarus, the company said. Nike is making a full exit from Russia three months after suspending its operations there, the sportswear maker said.

Earlier this month, Cisco’s rival International Business Machines began winding down its business in Russia and Microsoft said it was making substantial cuts to its Russian business.

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