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Cisco, USAID Sign $50M Deal to Grow Russia High-Tech Sector

Cisco Systems has signed a $50 million deal with the U.S. Agency for International Development in the largest partnership that Cisco’s Russian unit has ever entered.

Cisco will contribute between $30 million and $40 million as well as make available staff and in-house services for training centers, technology related services and other projects across Russia to increase technical skills and grow the high-tech portion of the country's gross domestic product.

“We’ve been leading the way for the agency,” said Charles North, head of USAID’s efforts in Russia, according to the Moscow Times. “But globally this is something we’re emphasizing “” working together, leveraging other base forces and expertise; it’s everything from working with energy companies to working with Sesame Street.”

USAID will contribute $9 million.

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Written by Ross Wilkers

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