British American Tobacco, one of the largest British tobacco products manufacturer in the world, will complete the sale of its business division in Russia and Belarus by the end of 2023. In this respect reported in a report on the company’s website.
The publication noted that the transfer of Russian and Belarusian units is expected to be completed in 2023.
At the end of July, RIA Novosti, citing a company report reportedHe said British American Tobacco, one of the world’s largest producers of tobacco products, estimated the loss after leaving Russia at around one billion pounds.
Prior to that, the tobacco concern British American Tobacco announced on March 11 that it would cease its operations in Russia. On March 9, the company suspended its investments in the country. At the same time, British American Tobacco stressed that one of its priorities is to take care of employees during this “extremely difficult and uncertain time”.
Earlier, the State Duma proposed the nationalization of the tobacco trade in the Russian Federation. Sultan Khamzaev, a member of the United Russia faction, said that the tobacco trade in the Russian Federation should be nationalized, otherwise cigarettes from Western partners could become a “direct weapon of mass destruction.”