Philip Morris International (brands Marlboro, L&M, Parliament, Chesterfield), one of the world’s largest manufacturers of tobacco products, announced difficulties in selling Russian assets due to market restrictions. Report sent on the official website of the company.
As of December 31, 2022, the company valued its assets in Russia at $2.5 billion. Of these, about $0.6 billion is cash held mostly in rubles.
“PMI is continually evaluating the evolving situation in Russia, including recent regulatory restrictions on the market, with very difficult conditions that must be met for any divestiture to be approved by the authorities,” the statement said.
Formerly Philip Morris International abbreviated In January-September 2022, deliveries of cigarette and tobacco heating devices to Russia increased by 6.5% compared to the same period of 2021.
Source: Gazeta
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