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News analysis

PMI admits it can’t quit Russia due to international financial regulations

Written by || 26th July 2023 || News analysis | Major brands | GeographiesEurope Russia Ukraine

More than 15 months after pledging to “scale down” its activities in Russia, Philip Morris International (PMI) has said it can’t pull out of the Russian market.

Alongside most of the other major tobacco companies, PMI suggested it would suspend operations in Russia following the country’s invasion of Ukraine in February last year. So far, however, only Imperial Brands has actually made good on that promise.

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Freddie Dawson

Senior news editor
Freddie studied at King’s College, London and City University and worked for publications including The Times, The Malay Mail, PathfinderBuzz and Solar Summary before joining the TobaccoIntelligence team. He has extensive experience in covering fast-moving consumer goods (FMCG), manufacturing and technological innovation.

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