philip morris international inc pm tried to reassure investors wednesday by saying that it didnt expect to be hurt very much by us sanctions on russia the cigarette sellers stock which was little changed in premarket trading had dropped 27 on tuesday after the sanctions were announced the company said that in 2021 russia and ukraine accounted for about 12 of total cigarette and heated tobacco unit shipment volume and around 8 of total net revenue our primary concern is the safety and security of our colleagues and their families and we are monitoring the situation closely the company stated in response to investor questions about the current geopolitical situation at this time we do not anticipate any material impact on our business related to the announced sanctions president biden announced on tuesday sanctions on russia after the country ordered troops into breakaway regions of ukraine separately philip morris expressed confidence in its 2021 to 2023 compound annual growth targets for net revenue of more than 5 and adjusted earnings per share of more than 9 the stock has run up 211 over the past three months while the sp 500 spx has dropped 82