35881 comments

• Comment Link streda, 11 december 2024 12:32 posted by iqos iluma one i

  March 24 (Reuters) - Marlboro maker Philip Morris International Inc is
  working on options to exit the Russian market, citing a complex and rapidly changing regulatory and operating environment in the
  country following its invasion of Ukraine.
  
  The company, which garnered around 6% its net revenue from
  Russia in 2021, said on Thursday it has discontinued sale of several cigarette products and
  canceled all product launches for the year in Russia.
  
  
  It has also canceled plans to make over 20 billion TEREA sticks, heated tobacco units
  intended for use with its IQOS ILUMA devices, as well as related investment of $150 million.
  
  Earlier this month, Philip Morris had suspended its planned investments
  and decided to scale down manufacturing operations in the country.
  
  
  Rival Imperial Brands too has started talks to transfer its Russian business to
  a local third party, joining BAT in exiting the sanction-hit country.
  
  (Reporting by Praveen Paramasivam in Bengaluru; Editing by Aditya
  Soni and Arun Koyyur)
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