Russia's move to put JT assets under domestic control "unusual": Motegi
TOKYO (Kyodo) -- Japanese Foreign Minister Toshimitsu Motegi on Thursday called Russia's move to put the assets of Japan Tobacco Inc. under domestic c
Japanese Foreign Minister Toshimitsu Motegi expressed surprise over Russia's decision to place Japan Tobacco Inc.'s assets under domestic control, urging Moscow to retract the move. The Japanese firm plays a significant role in Russia's economy by operating within the country, Motegi emphasized during a Senate Committee on Foreign Affairs and Defense session.
On Monday, Japan Tobacco confirmed that all its entities in Russia have been temporarily administered under a decree issued by Russian President Vladimir Putin. Since Friday, three of Japan Tobacco's units have been targeted, in addition to four manufacturing units the day before, according to the company. The Russian government explained on November 5 that President Putin signed the decree, following an April 2023 executive order, to place assets of individuals from unfriendly nations, like Japan, under Russian control as a response to sanctions imposed on Moscow due to its invasion of Ukraine. Japan has joined Western allies in implementing sanctions.
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