14 Hrs
 قناة المنار
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قناة المنار

2026-11-10T01:07:04.000Z

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Russia risks Tokyo income

Russia risks Tokyo income

Bloomberg warned that placing Japan Tobacco’s assets in Russia under temporary administration could reduce the dividends the Japanese government relies on. The Ministry of Finance owns about 37.55% of the company, and its dividends account for 44% of the projected revenue of a fund that finances industrial and innovation projects. The company said its seven Russian subsidiaries had been placed under temporary administration. Russia accounts for about 10% of its revenue and 25% of its projected adjusted operating profit for 2026, while the book value of assets tied to its operations there is about 1.5 trillion yen. Shares plunged more than 30% over Friday and Monday’s trading sessions, falling from 7,769 to 5,269 yen. Tokyo protested the decision and called on Moscow to reverse it.

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