World3 sources

Japan Protests Russia's Seizure of Japan Tobacco Assets

  • Japan has protested Russia's seizure of Japan Tobacco International's local assets.
  • The seizure includes four factories, around 4,000 employees, and 40% of the Russian cigarette market.
  • The decree transferred these assets to a state-linked holding company.
  • This seizure is part of a broader list that includes Nestlé, Auchan, Leroy Merlin, and Metro.
  • The action is the latest development in an escalating diplomatic spat between Japan and Russia.
Japan Protests Russia's Seizure of Japan Tobacco Assets | Split Angle