Updated

Russia has placed the Russian assets of Japan Tobacco International under the state-managed entity Promyslovye Aktivy, Ukrainska Pravda reported on November 5, 2026. The Moscow Times reported that the move against the Japanese tobacco giant comes amid a sharp deterioration of relations between Japan and Russia. The seizure follows similar moves against European brands such as Metro and Auchan, according to Ukrainska Pravda. The action adds to a pattern of Russian state management of foreign corporate holdings.