Japan protests after Russia seizes Japan Tobacco's local assets
Summary
Russia seized the local assets of Japan Tobacco, in the latest push by the Kremlin to take control of foreign-owned businesses, Bloomberg reported on Thursday 5 November, writing that Japan Tobacco's shares were set to fall by the daily limit on Friday in Tokyo trading. On Friday 6 November, The Philadelphia Inquirer and ABC News reported that Japan has protested to Moscow after Russia placed four subsidiaries of Japan Tobacco under temporary Russian management, the two outlets headlining a Russian takeover of Japan Tobacco subsidiaries in Russia.
Latest: Japan has protested to Moscow after Russia placed four subsidiaries of Japan Tobacco under temporary Russian management, The Philadelphia Inquirer and ABC News reported.
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How it unfolded
Friday 6 November
Japan has protested to Moscow after Russia placed four subsidiaries of Japan Tobacco under temporary Russian management, The Philadelphia Inquirer and ABC News reported.
- 09:24ABC News Japan protests Russian takeover of Japan Tobacco subsidiaries in Russia
- 06:58The Philadelphia Inquirer Japan protests Russian takeover of Japan Tobacco subsidiaries in Russia
Thursday 5 November
Russia seized the local assets of Japan Tobacco, in the latest push by the Kremlin to take control of foreign-owned businesses, Bloomberg reported, writing that Japan Tobacco's shares were set to fall by the daily limit on Friday in Tokyo trading.
- 06:40Bloomberg Russia Grabs Japan Tobacco Assets as Putin Steps Up Seizures