# Putin expands temporary administration of Japan Tobacco assets in Russia

- URL: https://talkfuse.com/story/putin-expands-temporary-administration-of-japan-tobacco-assets-in-russia/
- Published: 2026-11-07T13:28:43+00:00
- Updated: 2026-11-07T14:25:56+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/putin-expands-temporary-administration-japan-tobacco-assets-in-russia-6533126
- Topics: Asia, Europe, World

## Key points

- Putin added three JTI companies to Russia’s temporary administration.
- Industrial Assets says it aims to keep production and teams in place.
- Russia generates about a quarter of Japan Tobacco Group’s operating profit.

## Summary

Vladimir Putin has expanded Russia’s temporary administration of Japan Tobacco International’s local businesses, adding three companies to four already covered by an order issued on Thursday. The move leaves the Russian state-appointed manager in control of more of the group’s operations, as Moscow continues to take over assets belonging to foreign companies.

The added firms, owned by JTI Investments Sarl, reportedly handle importing, management and holding activities. Industrial Assets says it intends to maintain production, keep existing teams and meet commitments to employees and business partners. The decrees gave no reason for the measure; JTI says it is assessing its options, with employee interests a priority. Russia contributes about 10 per cent of Japan Tobacco Group revenue and 25 per cent of its operating profit.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.