Russia takes control of more Japan Tobacco assets

· Economy · Russia · Japan

Russia took control of more Japan Tobacco assets, according to reports, as Moscow-Tokyo ties fray. President Vladimir Putin seized control of Japan Tobacco units as relations between the two countries deteriorated. The move adds to a pattern of Russian authorities taking over foreign companies' assets amid sanctions and geopolitical tension. Japan Tobacco is one of the world's largest tobacco companies, and its Russian operations had been a significant part of its business. Tokyo has joined Western sanctions on Moscow over the war in Ukraine.

Why it matters：Seizures of foreign assets deepen investor risk in Russia and mark a further deterioration in Tokyo-Moscow relations.

Key points

  • Putin seized control of Japan Tobacco units.
  • The move comes as Moscow-Tokyo ties fray.
  • Japan has joined Western sanctions on Russia.

Sources (original reporting)

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