Putin signs decree placing four Japan Tobacco units under Russian management

Key facts

• Putin signed a decree on November 5 placing four Japan Tobacco subsidiaries under temporary external management, per Nikkei Asia.
• Nikkei Asia said the move may signal Moscow reads Takaichi's diplomatic overtures as a sign of weakness.
• The report gave no value, output or ownership terms for the four Japan Tobacco units.

Russian President Vladimir Putin signed a decree on November 5 placing four subsidiaries of Japan Tobacco under temporary external management, Nikkei Asia reported on November 7. The report did not state the value of the units, their output or the terms of the management arrangement.