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
-
Erdogan dials Trump; extends diplomatic resolution for Hormuz, Yemen, Russia-Ukraine conflict
-
Russia's state-owned nuclear corporation Rosatom rejects report alleging Chinese firm supplied materials for Russian drone production
-
"No such thing as holy war, only peace is holy": Pope Leo XIV as threat of renewed conflict looms over West Asia, Europe
-
“JAI: Japan, Australia, India“: Rajnath Singh highlights close ties with Pacific partners, holds meeting with his Australian, Japanese counterparts
-
UNESCO workshop in Lviv puts culture at centre of Ukraine’s recovery and rebuilding
Google News