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Putin Transfers Air Liquide's Assets Amid Ukraine Tensions

8/30/2025

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Summary

Story summary

On August 29, 2025, President Vladimir Putin transferred Air Liquide's Russian assets to local company M-Logistika.
This decision addresses perceived "unfriendly" actions by the U.S. and Western nations amid the Ukraine conflict.
Air Liquide, which left Russia in 2022, is currently evaluating its options following the asset transfer.
The company had approximately 720 employees in Russia, representing less than 1% of its revenue.

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Story summary

On August 29, 2025, President Vladimir Putin transferred Air Liquide's Russian assets to local company M-Logistika.
This decision addresses perceived "unfriendly" actions by the U.S. and Western nations amid the Ukraine conflict.
Air Liquide, which left Russia in 2022, is currently evaluating its options following the asset transfer.
The company had approximately 720 employees in Russia, representing less than 1% of its revenue.