Japan Tobacco Announces Retention of Tobacco-Related Businesses in Russia

On July 7, Masamichi Terabatake, president of Japan Tobacco (JT), made it clear in an interview with Kyodo News that JT will continue its business as a tobacco company in the Russian market, Russian news agency TASS reported.

Masamichi Terabatake pointed out that JT still has a choice in whether to sell its business in Russia. It is not known that they want to continue their business in the Russian market as much as possible.

In addition, Masamichi Terabatake also mentioned that the company intends to continue to retain employees in Ukraine and has already started to partially resume production.

In Russia, JT has four plants with a total of 4,000 employees, including production and management staff.

On March 10, 2022, Japan Tobacco Russia announced the suspension of new investments and additional marketing activities in Russia.

Last year, the company also temporarily suspended its operations in Kremenchuk, central Ukraine.

Japan Tobacco’s products are currently sold in 130 countries worldwide. According to the information, it entered the Russian cigarette market in 1992 and has invested more than $4.6 billion in Russia over the past 20 years.