Putin seized Japan Tobacco International's Russian operations by decree, four factories, about 4,000 employees and roughly 40% of Russia's cigarette market, moved to a state-linked holding. This is ex

What happened: Putin signed a decree transferring Japan Tobacco International's Russian operations to state-linked holding company AO Promyshlennye aktivy, covering four factories. Key numbers: Around 4,000 employees and roughly 40% of the Russian cigarette market. JT Group invested $4.6bn over more than 20 years. JTI entered Russia in 1999 and acquired Donskoi Tabak in 2018. Why it matters: JTI joins Nestlé, Auchan, Leroy Merlin and Metro among companies whose Russian assets moved to state management. Moscow presents the mechanism as a response to sanctions imposed after the 2022 invasion. Coverage: 3 outlets in 24h

Putin signed a decree transferring Japan Tobacco International's Russian operations to state-linked holding company AO Promyshlennye aktivy, covering four factories.

JTI joins Nestlé, Auchan, Leroy Merlin and Metro among companies whose Russian assets moved to state management. Moscow presents the mechanism as a response to sanctions imposed after the 2022 invasion.