Russian President Putin signed a presidential decree temporarily placing production facilities in Russia held by JT's overseas subsidiaries under the control of Russian companies. JT is considering its future response and the impact on the group.
The Russian government is reported to have signed a presidential decree setting out a policy to temporarily place production facilities held domestically by overseas subsidiaries under the control of Russian companies. As a result, operating authority over production facilities held by JT's overseas subsidiaries may be transferred to local companies for a specified period.
In response, JT is considering its future response and is working to assess the impact on the group as a whole. The reported information is limited as to the specific timing of implementation and the scope of the facilities covered.