Russia· IstraPutin places Russian assets of Japan Tobacco International under temporary administration
President Putin has signed a decree placing the Russian assets of Japan Tobacco International, including four factories and approximately 40% of the Russian cigarette market, under temporary administration.
Background
Following international sanctions against Russia, many foreign companies have exited the Russian market. In response, Russia has implemented measures allowing for the temporary administration of assets belonging to companies from "unfriendly" states. This action reflects ongoing economic tensions between Russia and countries like Japan.
Quorum · collective opinions
Russia places Japan Tobacco International assets under temporary administration
First report 6h agoLast update 4h agoThe Russian government has taken control of JTI's assets, indicating a move towards greater state oversight of foreign businesses.
Putin places Russian assets of Japan Tobacco International under temporary administration
First report 8h agoLast update 4h agoThe Russian government has seized the assets of Japan Tobacco International, adding to a list of foreign companies whose businesses have been placed under temporary management.
Russia's Control Over Japan Tobacco International Assets
First report 6h agoLast update 4h agoThe Russian government, under Putin's decree, has taken temporary control of significant assets belonging to Japan Tobacco International.
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