Putin seizes Russian operations of Japanese tobacco giant JTI
Russian President Vladimir Putin has seized control of Japan Tobacco International's Russian assets, placing them under temporary administration. This move is part of a widening crackdown on foreign companies in Russia. Japan Tobacco International, maker of Winston and Camel cigarettes, has had its Russian operations taken over by a company owned by a former Russian intelligence officer. The takeover is valued at up to $3.7 billion.
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- ✓ Vladimir Putin has seized control of Japan Tobacco International's Russian assets.
- ✓ The takeover is valued at up to $3.7 billion.
- ✓ Japan Tobacco International's Russian operations have been placed under temporary administration.
- ✓ The Russian operations of Japan Tobacco International have been taken over by a company owned by a former Russian intelligence officer.
What changed
The Russian government has transferred Japan Tobacco International's Russian assets to a company owned by a former Russian intelligence officer, further solidifying state control over the business.
Live updates
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Putin seizes Russian operations of Japan Tobacco International
Russian President Vladimir Putin has seized control of Japan Tobacco International's Russian assets, placing them under temporary administration. This move is part of a widening crackdown on foreign companies in Russia. Japan Tobacco International, maker of Winston and Camel cigarettes, has had its Russian operations taken over by a company owned by a former Russian intelligence officer. The takeover is valued at up to $3.7 billion.
Why it matters
The seizure of Japan Tobacco International's Russian assets is the latest in a series of moves by the Russian government to take control of foreign-owned businesses. This development has sparked protests from Japan, with the Japanese government urging Russia to return control of the assets. The takeover comes amid ongoing tensions between Russia and Japan, as well as other countries, over various issues including Ukraine and economic sanctions.
What is confirmed
- Vladimir Putin has seized control of Japan Tobacco International's Russian assets.
- The takeover is valued at up to $3.7 billion.
- Japan Tobacco International's Russian operations have been placed under temporary administration.
- The Russian operations of Japan Tobacco International have been taken over by a company owned by a former Russian intelligence officer.
Still unconfirmed
- Altai beer maker asks Putin to hand it Coca-Cola's former Russian business
What to watch next
- Japan's response to the seizure of its tobacco assets
- Further developments in Russia's relations with Japan and other countries
- The impact of the takeover on Japan Tobacco International's business operations
confidence 85%Sources used for this update (23)
- en.kremlin.ru — President of Russia
- en.wikipedia.org — Vladimir Putin - Wikipedia
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- www.euronews.com — French debt | Euronews
- news.google.com — Google News - Vladimir Putin - Latest
- cashwalklabs.io — GM will switch to Nasdaq from the NYSE on Nov. 17
- Euronews.com — Putin seizes Russian operations of Japanese tobacco giant JTI
- Reuters — Putin places Japan Tobacco's Russian assets under temporary administration
- NHKニュース — Putin puts 4 Japanese factories under Russian management | NHK WORLD-JAPAN News
- The Moscow Times — Kremlin Seizes Japan Tobacco International’s Russian Assets
- reform.news — Putin Places JTI Assets Under Temporary Management
- Українська правда — Putin places Japanese company's assets under "temporary management"
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