Japan Tobacco says its subsidiary will suspend investments and marketing activities in Russia

Economy

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TOKYO (Reuters) - Japan Tobacco Inc. said on Thursday that its subsidiary will suspend investments, marketing activities and a planned launch of its latest heated tobacco product in Russia citing uncertainty in the country.

“The challenges of operating in Russia at this time are unprecedented,” the company said in a statement, adding that the company needs some time to assess the long-term implications of the situation in the country.

(Reporting by Mariko Katsumura; Editing by Toby Chopra)

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