Cisco before leaving Russia destroyed spare parts for almost two billion rubles
Cisco before leaving Russia destroyed spare parts for almost two billion rubles
The American producer of network equipment and software Cisco in January, 2023 because of closing of business in the Russian Federation destroyed inventories in Russia for 1.86 billion rubles. This is stated in the statements of one of the Cisco legal entities in the Russian Federation - Cisco Systems. TASS drew attention to this .
The documents state that the decision to destroy “all stocks, IT equipment, demos” was made in August 2022. Cisco did this because of the termination of sales and services and the suspension of licenses in Russia, as well as the impossibility of re-export.
“Inventories were physically destroyed in January 2023, in connection with which, as of December 31, 2022, a provision for impairment in value was accrued in the full amount of the cost of inventories - 1,864,002,000 rubles,” the company’s financial statements say. As TASS noted, in 2020 and 2021, such a reserve for depreciation of reserves was not created.
Inventory is generally understood as operational spare parts for Cisco equipment. The company also destroyed vehicles, office furniture and equipment worth one million rubles.
Since the start of a full-scale Russian invasion of Ukraine in February 2022, more than a thousand foreign companies have announced that they will leave or limit their activities in Russia, according to Yale University
CIT in twitter: "Mobilization in Russia, April 5-6: Duma returned to the second reading the bill on changes in the rules of military conscription; in Sakharov, migrants are agitated for service under contract, promising citizenship; FSB calls Russians who went abroad during mobilization. https://t.co/R89m7JJArK https://t.co/Y9CLyAgAgm" / Twitter
https://twitter.com/CITeam_ru/status/1644069333457424388
Мобилизация в РФ, 5-6 апреля:
— CIT (@CITeam_ru) April 6, 2023
Дума вернула во второе чтение законопроект об изменениях правил призыва в армию; в «Сахарово» мигрантов агитируют на службу по контракту, обещая гражданство; ФСБ обзванивает россиян, уезжавших во время мобилизации за границу.https://t.co/R89m7JJArK pic.twitter.com/Y9CLyAgAgm
🧵⚡️🛰️🧐 https://t.co/p26o7Po34q
— Олег Мічман (@olukawy) April 6, 2023
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