Igor Kesaev has been sanctioned for aiding Russia’s invasion of Ukraine. Read More
Tags :Russia
The company says it is divesting its operations as a going concern.Read More
Igor Kesaev reportedly controls 70 percent of the Russian cigarette market. Read More
Following Russia’s invasion of Ukraine, tobacco companies retreat from one of the world’s top cigarette markets.Read More
The multinational details the steps of what it describes as an ‘orderly exit.’Read More
The move comes after Moscow hinted it would nationalize assets of foreign firms.Read More
But retreating from Russia will still impact tobacco companies’ short-term cash flows. Read More
The company now expects full-year net revenue growth of up to 1 percent.Read More
The company is also revising its guidance to reflect uncertainty related to the war in Ukraine. Read More
Russia and Ukraine are nearly a quarter of firm's HTP volume.Read More
