Philip Morris, the maker of Marlboro and L&M cigarettes, will give up its presence in Russia by 2023 Philip Morris International CEO Jacek Olczak said on Thursday that the tobacco firm will wrap up its business in Russia by the end of the year. The corporation, whose cancer-causing products are sold in 180 countries worldwide, announced the pullout in March, in the wake of Russia’s military operation in Ukraine. “We are working hard to conclude our presence in Russia but I don’t think it’s going to happen in the time frame of the next quarter,” Olczak told Bloomberg Television. The CEO added that withdrawing from
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