In a case involving the transfer of Japan Tobacco Inc.’s local assets into the control of a Russian company under a Russian presidential decree, Keidanren Chairman Tsutsui Yoshinobu (筒井 義信) called for the measure to be withdrawn.
It has been reported that, under a Russian presidential decree, assets including the Russian subsidiary of Japan Tobacco Inc. (JT) have been placed under the control of a Russian company.
Keidanren Chairman Tsutsui Yoshinobu (筒井 義信) said that the measure “should be withdrawn,” expressing concern that it would undermine the efforts of Japanese companies that have remained in Russia while complying with sanctions and regulations to date.
With sanctions related to the invasion of Ukraine continuing, he called for the need for Japanese companies to provide support and engage in dialogue with Russia, and urged the Japanese government to engage in strong negotiations aimed at maintaining operations and having the measure withdrawn.
The matter has been reported as an event illustrating the business community’s views on the treatment of JT’s Russian assets and the implementation of policy toward Russia.