Putin Seizes Japan Tobacco International's Russian Assets, First in Tobacco Sector
Published 1 d ago5 sourcesEvidence: Reported
Russia has placed four Japan Tobacco factories under temporary local management, escalating economic retaliation against Japan. This follows Japan's sanctions over Ukraine and marks a direct seizure of foreign assets, signaling heightened bilateral tension. The move may deter foreign investment and prompt further reciprocal measures.
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President Putin has signed two decrees placing Japan Tobacco International's (JTI) Russian assets, including four factories, under temporary state administration. This action is confirmed and represents the first forcible confiscation of a major Western tobacco company, escalating Russia's retaliatory asset seizures against foreign firms. The move is linked to the arrest of a Japanese journalist on espionage charges and broader responses to Western sanctions, signaling heightened expropriation risk for remaining foreign businesses in Russia.
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