Putin transfers JTI assets to temporary management

Vladimir Putin signed a decree transferring the assets of Japan Tobacco International (JTI) to temporary management. The company will now be managed by Promyshlennye Akti JSC. JTI is the leader of the Russian tobacco market, holding about 37% of the share.

Brands and Production

The JTI portfolio includes well-known international brands: Winston, Camel, American Spirit, and Benson & Hedges. The company also produces products for heated tobacco use, Ploom. The enterprise has a developed production base in Russia.

• Plant in Rostov-on-Don
• Plant in Yelets
• Plant in St. Petersburg

The transition under state control is linked to the geopolitical situation. This allows preserving jobs and ensuring product supplies to the domestic market. Asset management has been transferred to a specialized agency to stabilize the industry.