Putin seized assets of a major tobacco producer and transferred them to a Russian company
Published
Russian President Vladimir Putin has signed a decision under which the assets of one of the world's largest cigarette producers have passed to a local company. This is reported by NV Business.
According to the publication, such a step with respect to tobacco giants has been taken for the first time. Usually, large foreign tobacco companies operate on the Russian market as independent structures, and their factories and trademarks are an important part of their business in the country.
The transfer of assets to a Russian company means that control over part of the foreign producer's business now belongs to a local structure. The new owner will be a company from Russia, and the former owners will lose their rights to these assets.
It is still unknown how the operation of the enterprises and the sale of tobacco products on the Russian market will change. Journalists will follow the development of the situation and report new details.
Sources: NV Бизнес
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