Marlboro maker Philip Morris working on options to exit Russia market

By Devik Jain Posted on March 24, 2022

Packs of Marlboro cigarettes are displayed for sale at a convenience store in Somerville

(Reuters) – Marlboro maker Philip Morris International Inc said on Thursday it was working on options to exit the Russian market after Moscow’s invasion of Ukraine.

The cigarette maker, which brought in around 6% of its net revenues from Russia in 2021, also said it had discontinued a number of its cigarette products offered in the country and canceled all product launches planned there for 2022.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Aditya Soni)