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.
Articles (4)
Bloomberg·
Putin Transfers Japan Tobacco Assets to Local Firm in Latest Asset Seizure
Euronews·
Putin seizes Russian operations of cigarette giant Japan Tobacco International
Reuters·
Putin places Japan Tobacco's Russian assets under temporary administration
Bloomberg·
Russia Grabs Japan Tobacco Assets as Putin Steps Up Seizures