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Xerox Corporation has completed its work in Russia

October, 11 2023
watermark Economic news

The American corporation Xerox has completed its work in Russia by selling the business to local management. Now «Xerox (CIS)» LLC will operate as an independent company and will soon receive a new name.


As stated in the official statement, this step will not affect the employment of employees and they will keep their jobs. «Xerox (CIS)» LLC will continue to provide services for customer service, management of printed resources, automation of business processes, as well as the supply of paper products.


The President of LLC, Anton Borodikhin, stressed that the company is adapting to new conditions, maintaining current contracts and developing new projects in Russia.


Recall that in March 2022, Xerox announced the termination of supplies of its products to Russia due to the military operation in Ukraine. Xerox's Chief financial Officer, Xavier Heissa, stressed that the company has «daughters» both in Russia and in Ukraine, but these representative offices do not bring significant income.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.