Japan Tobacco Inc

2914: XTKS (JPN)

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Russia Seizes Japan Tobacco's Assets in the Country; Philip Morris Likely Safe for Now

Kristoffer Inton

Nov 6, 2026

On Nov. 5, Russia placed Japan Tobacco's assets, including four factories and all cash located within the country, under temporary administration. When Russia did this to Danone and Carlsberg, the assets were ultimately sold to Russian businesses for a fraction of their value.

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Japan Tobacco Inc

Russia Seizes Japan Tobacco's Assets in the Country; Philip Morris Likely Safe for Now

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