“Essity's conditions for doing business in Russia have worsened.
The company's assets in Russia were impaired by approximately SEK 1.4 billion ($147 million).
In addition, work has begun on exiting the Russian market.
It is clarified that Essity's sales in Russia in 2021 amounted to about 2.8 billion crowns (about $29.5 million), which is about 2% of total sales in 2021.
Earlier it was reported that the American pharmaceutical company Johnson & Johnson is suspending the import of personal care products into Russia.
President and founder of the SuperJob service Alexei Zakharov, in an interview with NSN, commented on the departure of a number of foreign companies from Russia and the possible consequences of this for the labor market.