Putin puts Japanese company’s assets under temporary administration
A factory owned by the Japan Tobacco International company is producing international brand cigarettes, Saint Petersburg, Russia, September 21, 2026. /VCG Russian President Vladimir Putin signed a decree on Thursday placing Russian assets of Japan Tobacco International (JTI) under temporary administration. According to the decree, equity stakes linked to JTI's production operations in Russia have been put under the management of Russian company Industrial Assets. JTI, a leading global tobacco producer, has operated in Russia since 1999 and grown into Russia's top tobacco producer.
