March 24 (Reuters) - Marlboro maker Philip Morris <br>
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International Inc is working on options to exit the Russian market, citing a complex and rapidly changing regulatory and operating environment in the country following <br>
<br>
its invasion of Ukraine.<br>
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The company, which garnered around 6% its net revenue from Russia in 2021, said on Thursday it has discontinued sale of several cigarette products and canceled all product launches for the year in Russia.<br>
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It has also canceled plans to make over 20 billion TEREA sticks, heated tobacco units <br>
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intended for use with its IQOS ILUMA - https://www.Haccp1.com/bbs/board.php?bo_table=free&wr_id=293526 devices, as well as related investment of $150 <br>
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million.<br>
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Earlier this month, Philip Morris had suspended its planned investments <br>
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and decided to scale down manufacturing operations in the country.<br>
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Rival Imperial Brands too has started talks to transfer its Russian business to a local third party, joining BAT <br>
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in exiting the sanction-hit country. (Reporting by Praveen Paramasivam in Bengaluru; Editing <br>
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by Aditya Soni and Arun Koyyur)
March 24 (Reuters) - Marlboro