JT says its Russian subsidiaries were temporarily placed under the management of a local company pursuant to a presidential decree, but are continuing operations at present.
Japan Tobacco (JT) has reportedly said that all of the group's local subsidiaries in Russia were temporarily placed under the management of Russian companies pursuant to a presidential decree.
JT says that the local subsidiaries are continuing operations at present despite the measure, while noting the possibility that it could affect the group's performance.
The measure covers all JT-related local subsidiaries in Russia. The future development of the measure and details of the operating situation will continue to be monitored.