Japan Tobacco says all JT Group entities in Russia under temporary administration
TOKYO, Nov 9 : Japan Tobacco Inc said on Monday that all JT Group entities in Russia have been placed under temporary administration after the Russian government expanded the measure to three additional entities.
The tobacco maker said its business continues to operate at present, and that it was assessing the potential impact on its financial results.
The announcement follows a decree signed by Russian President Vladimir Putin on Thursday placing the Russian assets of JT International under the temporary administration of Industrial Assets.
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