Learn how Russia's decision on JTI assets will affect Japan.
The transfer of the Russian assets of Japan Tobacco Inc. to external management. (JTI) threatens to reduce the funds available to the Japanese government to finance its expenses. Bloomberg reports.
The publication notes that the Japanese Ministry of Finance, being a major shareholder of JTI, receives dividends. Their volume for the last financial year amounted to 655 million dollars. After the decisions of the Russian authorities to transfer assets, JTI shares fell more than 30%, which is a record figure.