From TokenPost · · 40s
Putin Places Russian Assets Under Temporary Management
Putin orders temporary management of Russian assets linked to French and German companies amid EU support for Ukraine.
In brief
Putin orders temporary management of Russian assets linked to French and German companies amid EU support for Ukraine. Putin placed Russian assets tied to Tarkett and Menshen under temporary management due to EU support for Ukraine. Originally reported by TokenPost.
Putin Signs Decree
Russian President Putin signed a decree placing assets in Russia tied to companies from France, Germany, Sweden and the Netherlands under temporary management.
Companies Covered
French flooring maker Tarkett and German packaging manufacturer Menshen are among the companies whose Russian assets are covered.
Temporary Management Reversible
The Kremlin said the temporary-management arrangement could be reversed.
What it means
Putin placed Russian assets tied to Tarkett and Menshen under temporary management due to EU support for Ukraine.
