The Russian president has reportedly ordered Japan Tobacco Inc. (JT)'s assets in Russia to be transferred under the temporary administration of a Russian company. The assets are limited to those in Russia, and the move is also being reported as the first such case.
The Russian president instructed that Japan Tobacco Inc. (JT)'s assets in Russia be placed under the temporary administration of a Russian company.
The transfer is reportedly to take the form of temporary administration, and attention is focused on future developments concerning the treatment of JT's assets.
The measure is being reported as the first such case involving a major tobacco company.