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Russia Seizes Control of Canpack and Rockwool Assets

1/16/2026

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Story summary
  • Russia seized control of the Polish-American Canpack and Danish Rockwool, placing assets under temporary external management.
  • A decree dated December 31, 2025 assigns Stalelement to administer Canpack's operations.
  • Canpack produces 30% of Russia's aluminum containers and is evaluating the legal and financial impacts.
  • Rockwool will defend its rights under a bilateral investment treaty but doubts reversal is possible.