Leo Pharma’s Russian subsidiary, LLC Leo Pharma Products, has earned at least DKK 113m (USD 17.2m) from the sale of eczema creams and ointments since the invasion of Ukraine. In addition, the company has built up equity of over a quarter of a billion Danish kroner.
| July 22, 2026 | While Russia continues its war in Ukraine, LEO Pharma is earning significant sums by selling the company’s products on the Russian market. |