Moscow Seizes Control of Japan Tobacco International's Russian Assets: Decree
7 Articles
7 Articles
As relations with Tokyo deteriorate and weeks after the imprisonment of a Japanese journalist suspected of espionage by Russia, the Kremlin on Thursday ordered the seizure of Japan Tobacco International's assets in Russia.
The assets of Japan Tobacco International in Russia have been transferred to the Interim Office of the Industrial Assets Agency, which was signed by Russian President Vladimir Putin on 5 November.
The Japanese Tobacco International (JTI) concert was the first of the world's tobacco giants whose Russian assets were transferred to the temporary management of a local company.
Russian President Vladimir Putin signed a decree to transfer 100 per cent of the share of the Russian tobacco unit JTI to the joint stock company Industrial Assets. According to the decree published, 100 per cent of the share in the statutory capital of the company with limited liability "Petro", formerly owned by JTI Investments Sarl, is handed over to the joint stock company Industrial Assets, and the corresponding document is available on the…
Russian President Vladimir Putin transferred 100% of the share in the statutory capital of the Petro tobacco company, owned by the Japan Tobacco International (JTI) international group, to the Interim Office of the Industrial Assets Agency, which was published on the official legal information portal.
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