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Economy · Moscow, Russia ·

Putin seizes Japan Tobacco's Russian assets; Tokyo protests

Putin ordered control of Japan Tobacco's four manufacturing plants, and later three more firms. Tokyo protested immediately.

Why it matters

It worsens strained Japan-Russia ties.

Background

Japan joined Western sanctions on Russia.

The story so far

  1. Putin seizes Japan Tobacco's Russian assets; Tokyo protests
  2. Japan household spending slumps most since pandemic

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Sources

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