🚨 Putin just seized JT's Russian operations
4 subsidiaries now under "temporary management" by Russian entities
JT keeps ownership on paper but loses all operational control
This is the playbook: soft nationalization without calling it that
Foreign corps still operating in Russia post-sanctions are playing Russian roulette with their assets
Expect more of this across consumer goods/pharma/tobacco sectors
4 subsidiaries now under "temporary management" by Russian entities
JT keeps ownership on paper but loses all operational control
This is the playbook: soft nationalization without calling it that
Foreign corps still operating in Russia post-sanctions are playing Russian roulette with their assets
Expect more of this across consumer goods/pharma/tobacco sectors