Which brands are included in jti:
The most famous brands: Winston, Camel, Glamour, Sobranie, LD
What jti makes:
Manufacturers of tobacco products.
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What did not come out of the Russian market? March 16, 2022 - Economic Truth (jti):
"Two main tobacco producers remain on the Russian market. This is Philip Morris (USA), Japan Tobacco International (Japan).
It is difficult for them to leave the Russian market immediately, because these producers depend on Russian consumers. Eastern European countries included to the top ten in terms of cigarette consumption per capita. The Russian market is the largest among them.
According to Stat Space, the Russian market in the revenue of Japan Tobacco International is 21.2%, Philip Morris - 17.3%.
Almost all companies are ready to invest in new facilities, but it is unlikely that cigarette manufacturers will stop cooperating with the occupying country in the near future.
These two tobacco companies account for 40% of all Russian tax revenues among foreign companies remaining in Russia - $ 8.3 billion. ”
Source
Has jti left the Russian market? April 28, 2022 - economic truth:
"Japan Tobacco is studying the possibility of selling its business in Russia. This is about it in a company statement.
Given the difficult and unpredictable situation, JT Group continues to evaluate various options for its Russian business, including a potential transfer of ownership," the company's head emphasized.
Japan Tobacco added that it employs about 4,000 employees in Russia.
Source
March 14, 2023 - Yale School of Management:
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Company status jti according to the analysis: stopped new investments and marketing activities in Russia
Source
August 24, 2023 - NAZK:
NACP included Japan Tobacco International in the list of international sponsors of the war:
"JTI is the leader of the tobacco market in Russia (market share is 34.9%) and one of the largest FMCG companies in the country by sales volume.
There are four plants of the JTI company in Russia, including two factories of finished products - "Petr I" in St. Petersburg and "Donskoy tabak" in Rostov-on-Don, as well as two factories for processing tobacco raw materials: "J. T. I. Elets" in the Lipetsk region and "Kres Neva" in the Leningrad region.
JTI is the largest investor and leading taxpayer in the Russian tobacco industry. Over the past 20 years, JTI's investments in the Russian economy have exceeded $4.6 billion. USA. The company's tax payments in 2020 provided 1.4% of the income of the federal budget of the Russian Federation.
A JTI representative said JT Group has suspended new investments and marketing activities in Russia, but the company continues to manufacture and distribute products in Russia. "Under these circumstances, JT Group continues to take the necessary decisions to address the evolving situation in accordance with applicable regulations and international sanctions," the spokesman said, adding that the Russian market generated about $2 billion. US in 2022 for the JT group, or about 11% of its consolidated revenue that year.
JTI ended the year before 2021 with revenue of $7.4 billion. USA. Of this amount, 3.6 billion dollars. The USA went straight to the Russian budget. And this is the cost of about 100 Russian fighter jets that carry "Daggers" and terrorize Ukrainian cities almost every day.
Thus, Japan Tobacco International is sponsoring aggression against Ukraine."
Addendum: under pressure from European partners, Ukraine removed the list of international sponsors of the war. But the screens do not burn and we fixed it
November 3, 2023 - economic truth:
The Japanese tobacco company JTI decided to continue its business in the Russian Federation:
"He writes about it Forbes Russia with reference to the director of corporate relations and communications of JTI Russia Serhii Glushkov.
Glushkov claims that the company made such a decision "in order not to deprive consumers of the product they are used to".
At the same time, according to him, JTI will not introduce a device for heating tobacco of a new generation to the Russian market. Glushkov also stated that JTI complies with all regulatory rules, both international and on the Russian market.”
August 15, 2024 - KSE Institute:
The Japanese tobacco company decided to leave its business in Russia:
"They promised to suspend investments, marketing and launch of new products. The company did not rule out the possibility of suspending production operations in Russia. But still working in Russia with increased revenues in 2022 compared to 2021 (+$1.5 billion or +26%). NACP included Japan Tobacco International in the list of international sponsors of the war. Director of corporate relations and communications of the Japanese company Japan Tobacco International (JTI), Serhii Glushkov, told reporters that the company decided to leave its business in Russia. According to him, JTI does not want to 'deprive consumers of a product they are used to' despite the 'events of two years ago'.
Brands: Winston, Camel, Glamour, Sobranie, LD
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