London/Atlanta CNN —Moscow has seized control of the Russian subsidiaries of French yogurt maker Danone and Danish brewer Carlsberg, highlighting risks facing foreign firms that continue to do business in the country.
The decision follows a decree Putin signed in April that allows the government to place foreign assets in the country under its temporary control if Russian assets abroad are seized or threatened.
At the time, the Russian government took control of utilities owned by German energy company Uniper and Finland’s Fortum Oyj.
Baltika is one of the largest consumer goods companies in Russia and employs 8,400 people, according to Carlsberg’s website.
Andrey Rudakov/Bloomberg/Getty Images/FileDanone (DANOY) is also in the process of selling its Russian business.
Persons:
Vladimir Putin, Baltika, Putin, Russia —, ”, Andrey Rudakov
Organizations:
London, Atlanta CNN —, Danone, Carlsberg, Russian, Heineken, Nestlé, Unilever, UL, Companies, Baltika Breweries, Breweries, Bloomberg, Getty, Danone Russia
Locations:
Atlanta, Atlanta CNN — Moscow, Russian, Russia, Ukraine, St . Petersburg