14:57 09.03.2022

Imperial Brands suspending business in Russia, factory operations, too

1 min read

MOSCOW/KYIV. March 9 (Interfax/Interfax-Ukraine) – Imperial Brands has suspended business in Russia.

"Owing to the recent events, we have suspended all operations in Russia as of today. This decision includes the halt of production at our plant in Volgograd and the cessation of sales and marketing activities," the company said in the statement.

Imperial Brands has also promised to support employees in Russia by continuing to pay their salaries during the suspension of business.

Imperial Brands had previously suspended operations in Ukraine to ensure the "safety and well-being" of its 600 employees in the country.

Russia and Ukraine are relatively small markets for the group, accounting for around 2% of revenue and 0.5% of adjusted operating income in 2021, the company noted.

British concern Imperial Brands Plc, which includes Imperial Tobacco, produces cigarettes under the brand names Davidoff, Gauloises, JPS, Fine, and West.

In Ukraine, the Imperial Brands holding includes Imperial Tobacco Production Ukraine and Imperial Tobacco Ukraine, which produce tobacco products at a factory in Kyiv and sell them in Ukraine.