Cisco, an American manufacturer of networking equipment and software has destroyed an inventory of unsold equipment worth $22 million due to the closure of its business in Russia.
The company destroyed its equipment stocks worth almost 1.9 billion rubles (about $22 million) in January of this year, months after announcing its decision to discontinue operations in Russia.
The destroyed equipment included spare parts for the company’s devices that couldn’t be sold, but other property, like IT equipment, will also be destroyed.
The company made this decision because of the termination of sales and services and the suspension of licenses in Russia, as well as the impossibility of re-export.
