The transfer to temporary management of the Russian factories of Japan International Tobacco, producer of Winston and Camel cigarettes, generally fits into the logic of the Russian authorities, who in recent months have placed a number of foreign companies under temporary management, say lawyers interviewed by RBC.
But this is the first time that an international tobacco concern has lost control over the management of assets in Russia. This case has another feature: JTI's tobacco plants came under the control of Industrial Assets JSC, but the decree did not affect the wholesale company through which the main sales and revenues go.
What is known about the transfer of the largest cigarette supplier in Russia to temporary management and what makes this case stand out - in the RBC material.
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