Jul 17, 2023
Russia seizes control of Danone and Carlsberg operations
Russia has taken control of the Russian subsidiaries of yoghurt maker Danone and beer company Carlsberg. Danone and Carlsberg were in the process of selling their Russian operations. Sunday's order places the shares of Danone Russia and the Carlsberg-owned Baltika Breweries under the control of Russian property agency Rosimushchestvo. The firm added that it was "Preparing to take all necessary measures to protect its rights as shareholder of Danone Russia, and the continuity of the operations of the business". In April, Mr Putin signed an order allowing Russia to take temporary control of foreign assets, in response to actions by the US and other countries that Russia said were "Unfriendly and contrary to international law".
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