From The Straits Times · · 50s
Russia Targets More European Firms Before Zelenskiy EU Meeting
Russia places assets of French, German, Swedish and Dutch firms under temporary management ahead of Zelenskiy's EU summit appearance.
In brief
Russia places assets of French, German, Swedish and Dutch firms under temporary management ahead of Zelenskiy's EU summit appearance. Russia moved to temporarily manage assets of French, German, Swedish and Dutch companies as EU support for Ukraine worsens. Originally reported by The Straits Times.
Russia's New Asset Move
Russia has moved to place local assets of french, german, swedish and dutch companies under temporary management via a presidential decree.
Targeted Firms Listed
The decree listed assets belonging to french flooring maker tarkett, german packaging maker menshen, swedish packaging maker sverige international holdings and dutch packaging maker sonoco.
EU Ties Deteriorate
This move follows similar actions against nestle and retailers auchan and metro, with the Kremlin stating it was a response to eu nations' role in the war and stressing it was reversible.
What matters most
Russia moved to temporarily manage assets of French, German, Swedish and Dutch companies as EU support for Ukraine worsens.
