Risk of dividend cut hangs over stock after Moscow seizes local operations Russian President Vladimir Putin placed all local subsidiaries of Japan Tobacco under temporary state administration.
Risk of dividend cut hangs over stock after Moscow seizes local operations Russian President Vladimir Putin placed all local subsidiaries of Japan Tobacco under temporary state administration. (Source photos by TASS, Kyodo) TOKYO -- Shares in Japan Tobacco have sold off as investors price in a potential loss as big as roughly 1.3 trillion yen ($8.2 billion) on the cigarette maker's Russian assets, now hanging in limbo after a grab by Moscow.