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Thndr Claps » U.S. Claps » Health & Pharma💉 » J&J latest to limit Russia operations🧴

J&J latest to limit Russia operations🧴

by Shams Abbas
March 29, 2022

The Clap
Johnson & Johnson (NYSE: JNJ) said it will stop selling personal care products in Russia.

The deets
J&J will continue supplying medicine & medical devices, as those are not part of Western sanctions imposed on Russia. This is a similar move to what drugmaker Eli Lilly did earlier this month when it cut Russia off from “non-essential” medicine.

Why this matters
The Russian market makes up around 1% of J&J’s sales.

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