Tobacco producers changed their minds about leaving Russia

15.03.2022
#industry news

Major tobacco producers have made it clear to entrepreneurs working with it that they are not going to leave the Russian market. This was stated to the Public News Service by a private entrepreneur, owner of a chain of tobacco stores Viktor Kuzminov (name changed at the request of a citizen).

"For tobacco companies, the data is as follows: Imperial Tobacco* has already returned. They passed information about this decision to Russian contractors. All the other large companies, in fact, did not even leave," Kuzminov said.
(ed. *Imperial Brands plc, formerly Imperial Tobacco Group plc, is the world's fourth largest tobacco company. Headquarters in the UK).

Our interlocutor added that some firms use legal schemes to stay on the market:

"For example, BAT** quickly said "we don't know anything" and gave the management to SNS***, their local representative."

(editor's note **British American Tobacco is the world's largest tobacco company in terms of sales. Headquarters in the UK

***SNS Group of Companies is a Russian company operating in the tobacco market since 1992. It is a single distributor of BAT in Russia. In addition to tobacco, he is engaged in energy drinks and non-alcoholic cocktails. Headquarters in Russia).

However, the expert added with regret: product prices are growing rapidly:

"It often happens that today we sell electronic cigarettes, for example, for 50 rubles. This is the price on our counter. And tomorrow we are going to buy a new product, and it already costs 55 rubles from the supplier."

Recall that economists are confident that the West will not be able to completely ruin the Russian economy with sanctions. Moreover, as Elena Veduta, head of the Department of Economic Policy at Moscow State University, said, if Russia manages to transform social and economic models of life, we will be the first to get out of the global crisis.

Source:
osnmedia.ru