RUSSIA
Philip Morris International (PMI) is reportedly planning new investments in Russia, according to Alexander Zhukov, first deputy speaker of the State Duma. Zhukov said he met representatives of several major US companies at the St. Petersburg International Economic Forum.
“In particular, [I had a meeting] with Philip Morris, which has a very strong investment presence in Russia; factories are working,” he said. “They are promoting new products now and intend to make new real investments in Russia, not paying attention to guidelines in terms of sanctions.”