ABB has decided to exit the Russian market due to the ongoing war in Ukraine and impact of related international sanctions. The financial impact in the second quarter amounted to -$57 million of which -$23 million will impact cash flow in the third quarter. When the war broke out, ABB stopped taking new orders in Russia. Russia roughly accounted for 1-2 percent of ABB Group annual revenues before ABB stopped taking new orders. ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.