In the issue concerning the transfer of control over assets related to Japan Tobacco (JT)'s business in Russia, President Putin issued an additional presidential decree that includes local sales companies. An expansion of the scope is reportedly under consideration.
It was reported that, concerning the issue of Japan Tobacco (JT)'s business assets in Russia being transferred under the control of Russian companies, President Putin had issued an additional presidential decree that newly includes local sales companies in its scope.
The new presidential decree includes provisions adding local sales companies and others to the scope, and it has been pointed out that the process of transferring management rights over JT's Russian business may be reorganised.
This development indicates movement surrounding the status of the transfer of JT's Russian business assets and the associated reorganisation of the local business structure, with further reports awaited.
Current reports focus on the facts surrounding the issuance of the presidential decree and the expansion of its scope, while details of the specific timing of the transfer and the extent of its impact remain unclear.