Global Trade Alert
Global Trade Alert

Russia: Several Japanese companies divest from TM Baikal with government authorisation

Announcement

11 Apr 2024

In April 2024, according to consistent media reports, Japanese companies Mitsui, Tajima Lumber and Tajima Kosan divested from TM-Baikal LLC, a Russian lumber producer. Such transactions by companies from the "unfriendly" states require the approval of the Russian government. 

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

2 in force

Implementation date

11 Apr 2024

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 11 April 2024, the Russian and international media reported that the Japanese companies Mitsui, Tajima Lumber and Tajima Kosan had divested from TM-Baikal LLC, a Russian lumber producer. Such trans...

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Controls on commercial transactions and investment instruments In force

On 11 April 2024, the Russian and international media reported that the Japanese companies Mitsui, Tajima Lumber and Tajima Kosan had sold their shares in the capital of TM-Baikal LLC, a Russian lumbe...

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