British American Tobacco to close business in Russia and Belarus by the end of 2023

British tobacco manufacturer british american tobacco (BAT) plans to close its business in Russia and Belarus by the end of 2023. About this reported in the press office of the company.

“Revenue growth this year in constant currency will be 3-5%, it depends on the timing of the transfer of Russian and Belarusian businesses, which is expected to occur before the end of 2023,” the report said.

On the Russian market, BAT is represented by cigarette brands Kent, Rothmans, Vogue, Dunhill, Pall Mall, Lucky Strike, Java Zolotaya, etc., as well as the Glo tobacco heating system.

British American Tobacco opened its representative office in Russia in 1991, and on March 11, 2022 announced about leaving the country. After that, at the end of July, the company reportedthat in six months it lost about 957 million pounds ($1.2 billion).