Business · Companies · 2 hrs ago
Putin places more JTI Russian assets under temporary management
President Vladimir Putin placed three more JTI-owned Russian businesses under temporary management in Russia.
The decree transfers all shares in Pereslavl-Tobacco and all ownership stakes in J.T.I. Innovative Products and J.T.I. Russia to Industrial Assets.
The move follows a decree transferring four other JTI companies on November 5, including tobacco factories and businesses that process tobacco.
JTI is part of Japan Tobacco Group and sells brands including Winston, Camel, Sobranie and LD in Russia.
The decrees shift control of these Russian assets to a temporary manager, but the documents do not identify which Industrial Assets company was appointed.
JTI’s Russian representative said the company was reviewing the situation and considering possible actions.
JTI’s next steps have not been announced.
President Vladimir Putin placed three more Russian assets of Japan Tobacco International (JTI) under temporary management by JSC Industrial Assets.
The assets are Pereslavl-Tobacco, JTI Innovative Products LLC and JTI Russia LLC.
A decree published on November 6 names the companies, which belong to JTI Investments Sarl.
The move follows a November 5 decree covering stakes in other Russian JTI companies.
JTI’s Russian representative said the company was reviewing the decree and considering possible actions.
- Who
- Russian President Vladimir Putin placed the assets under temporary management by JSC Industrial Assets.
- What
- Three Russian JTI assets were transferred to temporary management.
- When
- The decree was published on November 6, 2026.
- Where
- Russia.
- Why
- The decree’s stated purpose is not specified in the sources. A broader 2023 decree created a temporary-management mechanism in response to restrictions on Russian owners’ property rights abroad.
This story does not have two clearly opposing sides.
Putin signed a decree transferring stakes in other Russian JTI companies to JSC Industrial Assets.
A decree placing three additional JTI assets under temporary management was published.
- Assets transferred
- Pereslavl-Tobacco, JTI Innovative Products LLC and JTI Russia LLC
- Temporary manager
- JSC Industrial Assets
- Owner of the three assets
- JTI Investments Sarl
- Earlier decree
- Signed November 5, 2026
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What people are saying
analyzes the situation and is considering possible actions