Tobacco company Philip Morris International said on Wednesday that it was suspending all its planned investments in the Russian Federation with immediate effect, as Moscow’s invasion of Ukraine continues. The move includes all the planned new product launches and commercial, innovation, and manufacturing investments. The company has also decided to reduce its manufacturing operations in Russia amid ongoing supply chain disruptions and the ongoing regulatory environment. Commenting on the developments, Chief Executive Officer Jacek Olczak said, “We have watched with shock the war in Ukraine and…