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Home Breaking News

Shopify Stock Gets a Price Target Cut. But There Are Reasons to Be Bullish.

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April 21, 2022
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Risk of medical gear shortage in Russia falls as West restores exports

Exports of essential medical devices Russia is dependent upon from the West have been partly restored, reducing the immediate risk of life-threatening shortages after a near-total collapse when the war in Ukraine began, a Western industry source told Reuters. Russia imports a large share of its medical equipment, such as pacemakers and radiotherapy devices, from the European Union and the United States and its reliance is particularly acute for the most complex and critical machines. Russia’s invasion of Ukraine on Feb. 24, which Moscow calls a “special military operation” to demilitarise its neighbour, temporarily froze these exports as companies navigated the barrage of sanctions against the Kremlin, said the Western industry source who declined to be named because of the sensitivity of the subject.

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