HomeCompany NewsRussia moves on more European firms ahead of Zelenskiy's appearance at EU...

Russia moves on more European firms ahead of Zelenskiy’s appearance at EU summit

-

MOSCOW, Oct ‌16 (Reuters) - Russia has moved to ​place local assets of French, German, Swedish ⁠and Dutch companies under temporary management, according to a decree by President ​Vladimir Putin, as EU ties hit a ‌new low over the bloc's support for Ukraine.

Thursday's decree listed assets belonging to ⁠French flooring maker Tarkett, German ⁠packaging maker Menshen, Swedish packaging maker Sverige International Holdings and Dutch packaging maker Sonoco.

It follows a similar move ‌last month against food giant Nestle ⁠and retailers Auchan and ‌Metro. The Kremlin said ​the measure was a response to EU nations' role in the war ‌and stressed it was "reversible."

The ​latest move against ⁠European companies came ahead of ‌Ukraine President Volodymyr ⁠Zelenskiy's appearance at an EU summit on Friday, amid reports that the United ​States could seek ‌control of some Russian assets frozen ⁠in Europe.

(Reporting by ​Elena Fabrichnaya and Gleb Bryanski; Editing ​by Clarence Fernandez)

tagreuters.com2026binary_LYNXMPEM9F0ET-VIEWIMAGE

Author

Stay Connected

2,500FansLike
389FollowersFollow
120FollowersFollow
1,230FollowersFollow
170,000SubscribersSubscribe

Related articles

Latest posts

Share on Social Media