Cisco, Nike quit Russia, as pace of Western firms leaving speeds up

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US companies Cisco Systems and Nike plan to fully exit Russia, the two firms told Reuters on Thursday (Jun 23), as the pace of Western firms departing accelerated.

Telecoms equipment maker Cisco will wind down its business in Russia and Belarus, the company said.

Cisco and Nike join the likes of McDonald's and Renault in making complete exits from Russia.

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Article Details

Category: Economy

Topics: Firms Business Cisco Nike Operations Exit Maker Thursday Russia Adidas Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 22:07:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 577 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 6221

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 31m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #27

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