Suspended sales and marketing activities in Russia. On 23 May 2023, Philips Medical Systems informed its distributor in Russia that it is ceasing export to Russia until further notice. Not only did Philips stop export but already shipped units were shut out of maintenance and upgrading services. Philips was the first of several industry giants to falter under pressure. LLC "PHILIPS" (tax id 7704216778) and "VERSUNI" LLC (tax id 9703016882) - local entities identified in Russia. Company's corporate strategy to focus on medical, and scale back on domestic products - so their war statement was pretty much in line with what they were planning for the future. Philips closed a mega deal of medical equipment in Russia few days before the Russian invasion. From the global annual report 2021: "In Russia, Philips won several key projects, including one at Moscow City Healthcare Department for ultrasound systems, including lifetime service support for local clinics. The company also concluded a turnkey project for Sakha Republic (Yakutia), equipping the regional hospitals’ cardiology and oncology departments with, among others, our Azurion 7 image-guided therapy solution, MR Ingenia Ambition imaging system, and IntelliSpace Critical Care and Anesthesia informatics system."