A post by @FirstSquawk on X.

Russian President Vladimir Putin ordered the seizure of additional Japan Tobacco assets in Russia, according to Nikkei. The move extends Moscow’s takeovers of foreign-owned holdings since the invasion of Ukraine, with Japan Tobacco’s Russian subsidiary among the largest Japanese corporate exposures in the country. The specific assets and valuation were not detailed in the initial report. The seizure adds pressure on Japan Tobacco’s overseas earnings and complicates any eventual exit or restructuring of its Russian operations. Investors will watch for the company’s disclosure of the affected assets and any impairment charges, plus whether other Japanese firms face similar action.