Russian President Vladimir Putin seized the shares of two international companies operating in Russia with the decree he signed. In the statement made by the Kremlin Information Service, it was stated that all the shares of the French food company Danone and the Danish-based international beer producer in Russia were transferred to the Russian Federal Property Management Agency, and that the Russian Federal Property Management Agency’s Danone, Russian and Danish beer producer Baltika. It was stated that it will manage the shares “temporarily”.
HE OPENED THE APPROACH WITH THE DECREE
In October last year, Danone announced that it would withdraw from most of its operations in Russia. With the decree he signed on the retaliatory measures to be applied in case of seizure of Russian assets abroad due to the Russia-Ukraine War, Putin paved the way for the seizure of the shares of foreign companies operating in Russia. (UAV)