Story perspectives
Putin Orders Temporary Control of Five European Firms’ Assets
By Drooid · · How we work
1 of 1
Story summary
- President Vladimir Putin ordered temporary state administration of five European companies’ Russian assets on October 15.
- The decree covers French flooring maker Tarkett, German packaging producer Menshen, Swedish-owned Kappa Rus, Dutch-unit Eviosys and Belgian firm Ontex RU.
- Combined annual revenue of the five businesses exceeds 50 billion roubles (about €532 million).
- Centre Capital, led by former Zabaykalsky deputy Marat Mirkhaydarov, received the transferred assets.
- Kremlin spokesman Dmitry Peskov said the takeovers respond to EU battlefield hostilities and are reversible.