Philip Morris International Stock News

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Philip Morris (PM) suspends planned investments in the Russian Federation. Additionally, the company initiates plans to lower manufacturing operations in Russia.

Philip Morris (NYSE:PM) declares $1.25/share quarterly dividend, in line with previous.Forward yield 5.33%Payable April 12; for shareholders of record March 24; ex-div March 23.See PM…

LVIV, Ukraine/ANTALYA, Turkey: Ukraine said on Thursday Moscow had refused to guarantee humanitarian access to rescue hundreds of thousands of civilians trapped under bombardment, as the opposing sides yielded nothing at the highest level talks since the Russian invasion began. Russia’s war in Ukraine entered the third week with none of its stated objectives reached, despite thousands of people killed, more than two million made refugees and thousands cowering in besieged cities under relentless bombardment. Ukraine’s Foreign Minister Dmytro Kuleba met Russia’s Sergei Lavrov in Turkey, but said he had secured no promise from him to halt firing so aid could reach civilians, including Kyiv’s main humanitarian priority - evacuating hundreds of thousands of people trapped in the besieged port of Mariupol. Ukraine accuses Moscow of breaking ceasefire to trap civilians in Mariupol “I made a simple proposal to Minister Lavrov: I can call my Ukrainian ministers, authorities, president now and give you 100% assurances on security guarantees for humanitarian corridors,” he said. “I asked him ‘can you do the same?’ and he did not respond.” Holding his own simultaneous news conference in a separate room, Lavrov showed no sign of making any concessions, repeating Russian demands that Ukraine be disarmed and accept neutral status.

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Nestle, Philip Morris and videogame maker Sony joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in West to take stand against Ukraine invasion

The United States on Wednesday, March 9, condemned as “barbaric” the bombing of a children’s hospital in Ukraine, where officials said a Russian air strike buried patients in rubble despite a ceasefire deal for people to flee the besieged city of Mariupol. The attack, which authorities said injured women in labor and left children in the wreckage, is the latest grim incident of the 14-day invasion, the biggest assault on a European state since 1945. The destruction took place despite a Russian pledge to halt firing so at least some trapped civilians could escape the city, where hundreds of thousands have been sheltering without water or power for more than a week. Kremlin spokesman Dmitry Peskov, asked by Reuters for comment, said: “Russian forces do not fire on civilian targets.” Russia calls its incursion a “special operation” to disarm its neighbor and dislodge leaders it calls “neo-Nazis.” Ukraine’s foreign ministry posted video footage of what it said was the hospital showing holes where windows should have been in a three-story building.

The list of businesses cutting their ties to Russia is growing longer as Nestle, Philip Morris and Imperial Brands halt investment over the invasion of Ukraine.

Cigarette maker Philip Morris International Inc (NYSE: PM ) is the latest joiner in the list of multinationals stepping back from Russia. Nestle SA (OTC: NSRGY ) and Imperial Brands PLC (OTC: IMBBY ) have also joined the list of companies giving in to pressure from consumers to take … Full story available on Benzinga.com

Philip Morris International Inc. (PMI) announced on Wednesday that it is halting its operations in the Russian Federation, including new product releases and commercial investment in innovation and ma…

https://www.investing.com/news/stock-market-news/philip-morris-international-suspends-investments-in-russia-2781218