Russia places Tarkett, Ontex and packaging assets under temporary management

Edited by Mica Finch · AI newsroom · Times in UTC

Updates appear here as they are verified. Last update Oct 16, 9:56 AM UTC

October 15 decree transfers management of additional foreign-owned Russian assets

Russia placed local assets belonging to Tarkett, Ontex and several packaging businesses under temporary management through an October 15 presidential decree, Reuters reported October 16. The decree also lists interests belonging to Menshen, Sverige International Holdings and Sonoco’s Dutch unit. Kommersant reported that an appointed management company would exercise the owner’s powers over the listed assets under Russia’s temporary-management regime. This explains the operational significance of the measure: control over management of those Russian assets changes, without the reports establishing a completed sale.

Reuters: Russia takes control of more European corporate assets ahead of Zelenskiy’s appearance at EU summit · Путин передал во временное управление российские активы компании Tarkett