--- title: "Russia Imposes 'Temporary Management' on Three More Structures of Tobacco Giant JTI" description: "Russia has introduced 'temporary management' in three more structures of Japan Tobacco International—importers and holding companies. The assets have been transferred to the control of Promyshlennye Aktivy LLC." date: 2026-11-07T16:16:39.707Z lang: en url: https://xab.info/en/posts/temporary-management-jti-assets-russia tags: [japan-tobacco-international, russia, nationalization, tobacco, japan-sanctions] author: "Darya Fomina" publisher: "XAB.info" --- # Russia Imposes 'Temporary Management' on Three More Structures of Tobacco Giant JTI ![Vladimir Putin speaking at a meeting, gesturing with his hand and holding a document](https://xab.info/media/2026/11/07/vremennoe-upravlenie-v-aktivah-jti-v-rossii/vremennoe-upravlenie-v-aktivah-jti-v-rossii-1.webp) ## Key Points - Three more legal entities of JTI have been transferred to 'temporary management': J.T.I. Russia, Pereslavl-Tabak, and J.T.I. Innovative Products. - All new companies have been transferred to the control of Promyshlennye Aktivy LLC, which, according to Kommersant, is linked to Taimuraz Bolloev. - On November 5, a similar decree affected four production structures of JTI in Saint Petersburg, Yelets, and Rostov-on-Don. - The Japanese government owns 37.55% of JTI shares; the country's Foreign Ministry protested over the 'temporary management'. Russia has expanded the mechanism of 'temporary management' regarding the Japanese tobacco concern Japan Tobacco International (JTI). According to media reports, another three legal entities of the company—importers and holding structures of the manufacturer—have come under Moscow's control. Thus, over the course of two days, November 5 and November 7, 2026, seven JTI structures, including production enterprises and commercial holdings, were transferred to 'temporary management'. ### Which Structures Came Under Control This time, the restrictions affected the companies J.T.I. Russia, Pereslavl-Tabak, and J.T.I. Innovative Products. Earlier, on November 5, a similar decree affected four other JTI structures that own tobacco factories in Saint Petersburg, Yelets, and Rostov-on-Don. All the new companies were transferred to the control of Promyshlennye Aktivy LLC. ### Who Received the Assets: The Identification Issue According to Kommersant, the entity in question is linked to Taimuraz Bolloev, the former head of Baltika and founder of BTK Group. At the same time, several enterprises with the exact same name are registered in Russia. In particular, another company named Promyshlennye Aktivy was part of Armen Sarkisyan's S8 Capital holding, which actively buys up assets of Western brand companies after their withdrawal from the Russian market. Due to the matching names, the exact identification of the structure that gained control remains uncertain. ### History of JTI's Presence in Russia The tobacco giant has been operating in the Russian Federation since 1999, and in 2007 it headed the Russian market. After the full-scale invasion of Ukraine, the company did not leave the market, although it temporarily froze investments, and in 2023 it finally decided to continue business in the country. The value of the previously nationalized production facilities was estimated at 60 billion rubles. ### Tokyo's Reaction and State Share About a third of Japan Tobacco International's shares (37.55%) belong to the Japanese government. The country's Foreign Ministry has already protested to the Russian ambassador over the introduction of 'temporary management'. In the autumn of 2026, Japan also introduced a new package of sanctions against Russia in response to the ongoing military aggression against Ukraine and as part of international pressure on the aggressor state. ### Context: The Previous Decree On November 5, 2026, Vladimir Putin issued a decree introducing 'temporary management' regarding four other JTI legal entities. At that time, enterprises for the processing of tobacco raw materials and cigarette manufacturing in Saint Petersburg, Yelets, and Rostov-on-Don came under Russian control. The new measures essentially complete the process of transferring the concern's commercial and production assets under Russian control. ## Accounts differ ### Identification of the 'Promyshlennye Aktivy' structure that gained control over JTI assets - **Kommersant:** the structure is linked to Taimuraz Bolloev, former head of Baltika and founder of BTK Group ([rbc.ua](https://www.rbc.ua/ukr/news/putin-vidzhav-aktivi-shche-troh-struktur-1794062540.html)) - **Publication (context):** several enterprises with this name are registered in Russia; another company named Promyshlennye Aktivy was part of Armen Sarkisyan's S8 Capital holding ([rbc.ua](https://www.rbc.ua/ukr/news/putin-vidzhav-aktivi-shche-troh-struktur-1794062540.html)) *Where they agree:* The assets were transferred to the control of Promyshlennye Aktivy LLC ## Fact-Check & Sources - [Путин "отжал" активы еще трех структур табачного гиганта из Японии, - СМИ](https://www.rbc.ua/ukr/news/putin-vidzhav-aktivi-shche-troh-struktur-1794062540.html) - The primary source confirms the introduction of 'temporary management' in three JTI structures and the transfer of assets to Promyshlennye Aktivy LLC. The identification of the recipient (Bolloev) is given according to Kommersant and disputed by the text itself due to the existence of several enterprises with the same name (including in S8 Capital). ## FAQ ### Which specific JTI structures came under 'temporary management'? The restrictions affected J.T.I. Russia, Pereslavl-Tabak, and J.T.I. Innovative Products. Earlier, on November 5, a similar decree affected four production structures of JTI. ### To whom were the assets transferred? All new companies were transferred to the control of Promyshlennye Aktivy LLC. According to Kommersant, the structure is linked to Taimuraz Bolloev, but several enterprises with this name are registered in Russia. ### How did Japan react? The Japanese government owns 37.55% of JTI shares. The country's Foreign Ministry expressed protest to the Russian ambassador over the introduction of 'temporary management'.