On Monday, Japan Tobacco said all of its facilities in Russia had come under temporary administration after Moscow extended the measure to three more companies. The move follows a decree signed Thursday by President Vladimir Putin that placed JT International's Russian assets under temporary industrial property management. On Monday morning, Japanese tobacco shares were not traded due to overbidding, after quotes fell by the maximum allowed value - 1000 yen - to 5269 yen. It was the second day in a row: on Friday, the company's shares had already fallen by 19%, to 6,269 yuan. The Russian market makes up about a quarter of the company's adjusted operating profit and about 10% of its revenues. The company said that the Russian business continues to function, and management is currently assessing the potential impact of the situation on financial results. The Japanese government owns 37% of tobacco in Japan.

On Monday, Japan Tobacco said all of its facilities in Russia had come under temporary administration after Moscow extended the measure to three more companies. The move follows a decree signed Thursday by President Vladimir Putin that placed JT International's Russian assets under temporary industrial property management. On Monday morning, Japanese tobacco shares were not traded due to overbidding, after quotes fell by the maximum allowed value - 1000 yen - to 5269 yen. It was the second day in a row: on Friday, the company's shares had already fallen by 19%, to 6,269 yuan. The Russian market makes up about a quarter of the company's adjusted operating profit and about 10% of its revenues. The company said that the Russian business continues to function, and management is currently assessing the potential impact of the situation on financial results. The Japanese government owns 37% of tobacco in Japan.