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Japan Tobacco says all JT Group entities in Russia under temporary administration

Reuters
Japan Tobacco says all JT Group entities in Russia under temporary administration

TOKYO, Nov ‌9 (Reuters) - 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.

(Reporting by Mariko Katsumura; Editing ‌by Chris Reese)