MOSCOW, November 7. /TASS/. Russian President Vladimir Putin has placed several more Russian assets of the international tobacco conglomerate Japan Tobacco Inc. (JTI) under temporary management, according to a November 6 decree published on the official legal information portal.

All shares in Pereslavl-Tobacco, 100% of the shares in the authorized capital of JTI Innovative Products LLC, and 100% of the shares in the authorized capital of JTI Russia LLC were placed under the management of JSC Industrial Assets. All of them belong to JTI Investments Sarl.

On November 5, Putin signed a decree transferring stakes in Donskoy Tabak, Pereslavl-Tabak, JTI Yelets, Cres Neva, and Petro under external management by JSC Industrial Assets.

JTI, a third of which is owned by the Japanese government, is the world’s third-largest tobacco maker. It has been operating in Russia since 1999, becoming its top tobacco manufacturer. JTI’s product range includes international cigarette brands such as Winston, Mevius, Camel, Sobranie, Glamour, and LD, as well as Russian brands such as Russian Style, Peter I, and Troika.

Putin’s decree "On the Temporary Management of Certain Property," adopted in April 2023, introduces a mechanism for the temporary management of assets belonging to individuals from unfriendly countries in response to the seizure or restriction of property rights of Russian owners abroad.