The President of the Russian Federation, Vladimir Putin, annulled the decision to take over the Russian subsidiaries of the French concern Danone to the state.
As reported by the Bloomberg news agency, the Russian authorities have published a presidential order that repeals the decision to take over the assets of subsidiaries of the French food giant Danone operating in Russia.
Last July, Vladimir Putin signed a decree nationalizing the assets of Western companies in Russia, in response to sanctions from the EU, the US and other countries, and taking over Russian assets. As a result of Putin’s decree, plants belonging to subsidiaries of the Danish beer concern Carlsberg and the French Danone came under Russian management.
The Financial Times recently reported that Danone has agreed to sell its Russian business to the dairy company Vamin Tatarstan, to which the nephew of Chechen warlord Ramzan Kadyrov, Yakub Zakriev, is associated. Putin’s decision to suspend the “nationalization” of Russian Danone dairies may confirm that this transaction is finalizing – Western media speculate.
– .
