Xinhua News Agency, April 22, according to a report from Russia today, US battery manufacturer Jin Bawang has decided to withdraw from the Russian market and stop its business operations in Russia. According to the report, the company's management has ordered the unilateral termination of all existing contracts and the clearance of inventory. It is reported that Jin Bawang's factory in Belgium has stopped shipping products to Russia. According to previous reports, statistics from Yale University in the United States show that since the outbreak of the conflict between Russia and Ukraine, more than 1000 companies have announced their withdrawal from the Russian market.