Putin seizes Japan Tobacco units as Moscow-Tokyo ties fray

· Economy · Russia · Japan

President Vladimir Putin seized control of Japan Tobacco units as ties between Moscow and Tokyo fray, according to Nikkei Asia. Russia has taken control of more Japan Tobacco assets, adding to a pattern of foreign companies losing assets in Russia amid sanctions and geopolitical tension. Japan Tobacco is one of the world's largest tobacco companies, and its Russian operations had been significant. Japan has joined Western sanctions on Moscow over the war in Ukraine, which has strained relations.

Why it matters：The seizure deepens investor risk in Russia and marks another deterioration in Tokyo-Moscow ties.

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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