Japan protests Russian takeover of Japan Tobacco subsidiaries in Russia
Tokyo protested after Russia took control of four Japan Tobacco subsidiaries, while the company said it was assessing options and about 4,000 workers could be affected.
- On Friday, Japan protested to Moscow after Russia placed four subsidiaries of Japan Tobacco Inc. under temporary management, demanding the immediate retraction of the presidential order.
- Trade Minister Ryosei Akazawa said Russia placed assets of Western companies under temporary control in a growing number of cases since September, noting officials have been cautious.
- Japan sent senior officials to Moscow to demand the retraction of the measure "to make sure the legitimate interests of Japanese nationals and businesses are not violated," Chief Cabinet Secretary Minoru Kihara said.
- Finance Minister Satsuki Katayama said her ministry will respond appropriately while working closely with other agencies, as Japan Tobacco assesses the potential impact and communicates with the Russian government.
- Tensions have escalated since Russian President Vladimir Putin visited Iturup in August, one of the Kuril Islands the Soviet Union seized from Japan in the final days of World War II.
132 Articles
132 Articles
Japan reacted to Russian President Vladimir Putin's decision to transfer the assets of Japanese tobacco giant Japan Tobacco International (JTI) in the country to the provisional management of the Russian company Promysylennye Aktiv. The Tokyo government protested the decision and demanded that Moscow immediately reverse the measure.
Japan protests Russia tobacco decision, demands withdrawal
Japan's Chief Cabinet Secretary Kihara Minoru told reporters on Friday that the Japanese government has lodged a protest with Russia over its decision to take temporary control of a Japan Tobacco subsidiary, demanding the immediate withdrawal of a presidential decree on the issue.
Russia Takes Control of Japan Tobacco Assets—Tokyo Demands Reversal
Japan has formally protested Russia’s decision to place assets belonging to a Japan Tobacco subsidiary under temporary management and demanded that the measure be withdrawn immediately, NHK World reported on November 6.
The company, in which the Japanese state is a major shareholder, holds 37 percent of the tobacco market in Russia.
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