Renishaw cuts profit forecast amid Russia pull-out and China lockdowns. Since the beginning of the war, Renishaw has closed its business in Russia and Belarus, writing off assets by approximately 2.5 million euros and losing approximately 1% of revenue (the company's revenue for 2022 is about 800 million euros). The company said in the report that it "attempts to monitor any efforts to source products through alternative means." But customs data show that this is not going well: in 2023, approximately 3.5 million euros worth of Renishaw equipment was imported into Russia (360 million rubles to be precise). And the minimum software required for the operation of the equipment is freely available.