Japan Tobacco says all JT Group entities in Russia under temporary administration

· CNA · Join
FILE PHOTO: Packages of Camel cigarettes produced by JTI Japan Tobacco International are displayed at the grocery store in Warsaw, Poland May 29, 2024. REUTERS/Kacper Pempel/File Photo
FILE PHOTO: The logo of Japan Tobacco at its headquarters in Tokyo, Japan,October 13, 2026. REUTERS/Kim Kyung-Hoon/File Photo

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

TOKYO, Nov 9 : Japan Tobacco Inc said on Monday that all JT Group entities in Russia have been placed under temporary administration after the Russian government expanded the measure to three additional entities.

The tobacco maker said its business continues to operate at present, and that it was assessing the potential impact on its financial results.

The announcement follows a decree signed by Russian President Vladimir Putin on Thursday placing the Russian assets of JT International under the temporary administration of Industrial Assets.

Source: Reuters

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here