Russian dictator Vladimir Putin transferred foreigners’ shares in the subsidiary of Baltika and Danone to the management of the Federal Agency for Management of State Property; previously, the companies announced the sale of their assets in the Russian Federation.
Source: This is stated in the decree of the President of the Russian Federation, the Russian state news agency RBK reports.
According to the decree, the shares of foreign companies in the Russian subsidiary of Danone and Baltika were transferred to the temporary management of the Federal Agency for State Property.
Such a decision was made in accordance with the Decree of the President of the Russian Federation of April 2022 on the temporary administration of certain properties, which came into force in connection with the need for “urgent measures in response to unfriendly [actions] And [actions] in violation of international law’, the sanctions of the US and other countries against Russian persons and legal entities.
Danone has 13 factories producing traditional dairy products, yoghurts and desserts under the Prostokvashino, Activia, Actimel, Danissimo, Tema, Alpro brands in the Russian Federation.
It is reported that the French dairy producer Danone offered potential investors control of part of its assets in the Russian Federation under the condition of repurchase.
Danish brewing company Carlsberg Group plans to complete the sale of the Russian company by the summer.
In March 2022, the Carlsberg Group announced a complete departure from Russia following the temporary cessation of activities on the territory of the terrorist state.
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