17 Mar 2022 13:39

Xerox suspends shipments to Russia

NEW YORK. March 17 (Interfax) - Xerox Holdings Corp. has stopped shipments of products to Russia, the U.S. company's CFO, Xavier Heiss said.

He said Xerox is monitoring the situation in the country and is aware of the threat of potential asset seizures by the Russian government.

Xerox has separate legal entities in Russia and Ukraine. Heiss said neither the Russian nor Ukrainian division is generating significant revenue, and the company is making every effort to fully comply with existing sanctions.