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Cisco and Nike latest to quit Russia as Western exit accelerates before new law

Japan Times LogoJapan Times3d ago

Cisco and Nike latest to quit Russia as Western exit accelerates before new law

Quick Summary

The law, which could be in place within weeks, allows Russia to appoint administrators over companies owned by foreigners in "unfriendly" countries.

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.


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Article Details & Transparency

Author / Journalist: Praveen Paramasivam

Category: NationPolitics

Topics: Page Sites Maker Subscription Russia List Firms Exit Plan Cisco Nike

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: japantimes.co.jp

Readership Location: Japan

Published Date: 2022-06-24, 11:56:09

News Timezone: GMT +9:00

Language: English

Original Article Length: 211 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 483304

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About Publisher

Japan Times Logo

Name: Japan Times

Main Topics: NationPolitics

Official Website: japantimes.co.jp

Update Frequency: 41 posts per day

Last Update: 6h ago

Headquarters: Japan

Coverage Areas: Japan

Publication Owner: Independent Company

Publication Timezone: GMT +9:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #132

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