Russia seizes assets of five more European companies under interim control
Russian President Vladimir Putin has signed a decree ordering the compulsory seizure of Russian assets belonging to five European companies. The assets have been placed under interim control, according to the decree, which expands a campaign of state takeovers affecting foreign-owned businesses in Russia. The companies named include Tarkett, Kappa Rus, Ontex RU, Eviosys Packaging Kuban and Menshen Packaging CIS.The combined annual revenue of the five companies is said to exceed 50 billion roubles, or about 532 million euros. The assets have been assigned to a management company called Centre Capital, which was registered in February 2026. Its chief executive... [Continue Reading]
360LiveNews | 16 Oct 2026 12:05 LONDON
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