March 24 (Reuters) - Marlboro maker Philip Morris International Inc is working on options to exit the Russian market, <br>
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citing a complex and rapidly changing regulatory and operating environment in the country following 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 <br>
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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 intended for use <br>
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with its IQOS iluma i one - https://postheaven.net/camercwgqw/iqos-iluma-vs-prime-eluue-ktawaihndiikwaa-dc2w devices, as well as related investment of $150 million.<br>
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Earlier this month, Philip Morris had suspended <br>
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its planned investments 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 <br>
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a local third party, joining BAT in exiting the sanction-hit country.<br>
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(Reporting by Praveen Paramasivam in Bengaluru; Editing <br>
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by Aditya Soni and Arun Koyyur)
March 24 (Reuters) - Marlboro