Johnson Controls is suspending business operations in Russia as the country’s invasion of Ukraine continues, according to a statement released Monday.

The company has 160 employees in Russia and earns about $150 million of revenue a year from the country. The impact of ceasing business in Russia is expected to be “immaterial” to Johnson Controls’ financials for the quarter and the financial year, the company said.

Johnson Controls, which is based in Ireland but has operational headquarters in Glendale, plans to fulfill its existing contractual obligations “to the extent possible” in compliance with all U.S. sanctions. Johnson Controls will not be accepting any new business or orders from Russia.

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