Philip Morris pays UAH 1.2 bln fine imposed by AMCU
Philip Morris, a large tobacco producer, has paid a UAH 1.18 billion fine imposed by the Antimonopoly Committee of Ukraine (AMCU).
According to the statement posted on the AMCU's website on August 14, the fine was paid after the Economic Court of Kyiv rejected the group's lawsuit against the AMCU demanding to recognize partially invalid the committee's decision to fine the group of companies.
As reported, in October 2019, the AMCU imposed a UAH 6.5 billion fine for coordinated anti-competitive activities of four tobacco producers and Tedis Ukraine cigarette distributor.
PJSC Philip Morris Ukraine jointly with LLC Philip Morris Sales and Distribution are affiliated companies of Philip Morris International (PMI). Since 1994, the PMI has invested more than $370 million in the production and distribution of cigarettes and commercialization of reduced-risk products in Ukraine.
In 2016, Ukraine became the seventh market where Philip Morris launched sales of IQOS tobacco heating systems. Both affiliated companies provided more than 1,300 people with jobs.