Imperial Tobacco is the first of the major consumer goods companies to cease operations in Russia
The British company Imperial Tobacco is the first of the major consumer tobacco companies to announce the cessation of all sales and production in Russia.
Olivia Miller This is stated in an official statement on the website.
"Following recent events, we have today suspended all operations in Russia. This includes the shutdown of production at the Volgograd plant and the cessation of all sales and marketing activities.
The decision was reportedly made "due to the extremely difficult situation in Russia as a result of international sanctions and serious disruptions." At the same time, the company continues to pay salaries to its employees.
According to the company, Russia and Ukraine are relatively small markets for the steel group, accounting for just under 2% of net profit and 0.5% of expected operating profit in fiscal 2021.
We would like to remind you:
Tyutyunov's companies continue to operate on Russian territory and pay taxes to the aggressor state's budget.
Three transnational companies - Japan Tobacco International, Philip Morris International, British American Tobacco, Imperial Tobacco - employ nearly 12,500 workers in Russia.
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