Cigarette maker BAT suspends capital investments in Russia, scales back some marketing
- Country:
- United Kingdom
Cigarette maker British American Tobacco Plc said on Wednesday its business in Russia continued to operate, but that it had suspended all planned capital investment in the country in the wake of its invasion of Ukraine.
The company, which has 2,500 workers in Russia, also said it was "scaling our business activities appropriate to the current situation, including rationalising our marketing activities."
ALSO READ
-
EU Considers Role in Future Russian Talks Amid Ukraine's Diplomatic Push
-
Belgium Stands Firm Against Russian Intimidation
-
Finnish Airspace Breached: Russian Aircraft Accused
-
Russia's Warning: Armenia's EU Ambitions Threaten Energy Supply
-
Russia Warns Armenia on EU Accession Amid Geopolitical Tension
Google News