🚨 BREAKING: Russia has seized four Japan Tobacco factories.
President Vladimir Putin signed a decree late Thursday placing all four of Japan Tobacco's Russian manufacturing operations under temporary state management. Japan Tobacco confirmed the decree on Friday and said it is considering its options.
Shares in Japan Tobacco closed down 19% in Tokyo on Friday — after closing at a record high of 7,769 yen on Thursday. The Russian business accounts for about 10% of group revenue and roughly 25% of operating profit, with around 4,000 employees across the four plants.
Japan formally protested on Friday, with the government demanding Moscow reverse the move immediately. Tokyo owns around 37% of Japan Tobacco.
#JapanTobacco #Russia #Stocks #StockMarket #Tokyo #BreakingNews #Zimbuck
President Vladimir Putin signed a decree late Thursday placing all four of Japan Tobacco's Russian manufacturing operations under temporary state management. Japan Tobacco confirmed the decree on Friday and said it is considering its options.
Shares in Japan Tobacco closed down 19% in Tokyo on Friday — after closing at a record high of 7,769 yen on Thursday. The Russian business accounts for about 10% of group revenue and roughly 25% of operating profit, with around 4,000 employees across the four plants.
Japan formally protested on Friday, with the government demanding Moscow reverse the move immediately. Tokyo owns around 37% of Japan Tobacco.
#JapanTobacco #Russia #Stocks #StockMarket #Tokyo #BreakingNews #Zimbuck
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