Dow Jones Newswires: Xerox has stopped shipments to Russia, CFO says


Xerox Holdings Corp.

has stopped its shipments to Russia and is monitoring the situation in the country, Chief Financial Officer Xavier Heiss said Wednesday.

“There is nothing going into the country,” Heiss said, referring to company shipments to Russia.

Xerox, which employs people both in Russia and in Ukraine, has separate legal entities in both countries, Heiss said. It isn’t generating significant revenues in either country and is making sure it is compliant with existing sanctions, he said.

Heiss said he is aware of the threat of potential asset seizures by the Russian government.

The Wall Street Journal on Sunday reported that several Western companies received visits from Russian prosecutors threatening arrests and asset seizures.

Crypto Update: Bitcoin trading ‘like a Ping-Pong’ match, says investor as Fed kicks off a series of interest rate hikes

Previous article

Dow Jones Newswires: Australia’s unemployment rate falls to lowest since 2008

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News