President Putin signed a decree placing 3 Russian subsidiaries of Japan Tobacco Inc. under additional temporary control. The move is expected to lead to a loss of management control over the local subsidiaries.
Russia's President Putin signed a decree placing 3 Russian subsidiaries of Japan Tobacco Inc. under additional temporary control.
The companies subject to the measure are JT's Russian subsidiaries, and the measure is intended to transfer the 3 companies to temporary control.
The measure is seen as likely to lead to a loss of management control over the companies.