11 Hrs
Source:
RT Arabic
Medvedev on JT share drop
Russian Security Council Deputy Chairman Dmitry Medvedev sarcastically commented on the Japan Tobacco Group’s shares falling by a record 19.3% after its assets in Russia were placed under temporary management by presidential decree. Shares closed in Tokyo on November 6 at 6,269 yen, down 1,500 yen per share. The decree covered the group’s factories and other facilities in Russia. The Japanese government protested and called on Moscow to revoke the decision, while the company said it was assessing its implications. The Russian market accounts for about 10% of the group’s revenue and 25% of its operating profit.
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