JSE-listed British American Tobacco (BAT) PLC is the latest multinational company to announce plans to halt business operations in Russia, saying the current climate in the country has made operations unsustainable.
The announcement from BAT comes as Russia’s invasion of Ukraine enters its third week and follows several large corporations like Shell, BP, McDonald’s, Apple and Toyota exiting the country.
BAT says the company will officially cut ties with Russia once the transfer is successful.
The company which has 2 500 employees in Russia committed to safeguarding the future employment of those affected by the move.
BAT, which also has business operations in Ukraine and employs about 1 000 people there has already suspended all manufacturing operations in the country.
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On Monday Bridgestone become the latest company to condemn the Russia/Ukraine violence and decided to suspend their manufacturing activities in Russia, until further notice.
