EconomyPutin places Japan Tobacco International’s Russian assets under temporary administration
Vladimir Putin signed a decree putting equity stakes tied to Japan Tobacco International’s Russian production operations under the management of Industrial Assets. JTI said it was assessing the situation and its options, with employees among its priorities. The move comes amid sharply heightened tensions between Russia and Japan; the Kremlin describes temporary administration of foreign subsidiaries as a countermeasure to Russian state assets being frozen or seized abroad.
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CGTN★★★★☆2026-11-06 00:42Original
Putin places Japan Tobacco International’s Russian assets under temporary administration
Economy