Putin transfers Japan Tobacco International assets to ex-FSB officer with Rostec ties

Russia has transferred control of Japan Tobacco International's Russian assets to AO Promyshlennye Aktivy, owned by former FSB officer Sergey Dremov, who has ties to Rostec. This follows a pattern of Kremlin seizure of foreign corporate assets under presidential decrees, signaling continued state consolidation of strategic sectors. The move raises risks for foreign investors and underscores Russia's isolation from Western markets.

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