First such move against western businesses since takeovers of Finland’s Fortum and Germany’s Uniper in April
email rounding up the latestMoscow has taken control of the Russian subsidiaries of Danone and of Carlsberg’s Baltika Breweries, according to a decree signed into law by President Vladimir Putin on Sunday.
The Kremlin did not provide further details on Sunday but has previously described such moves as a response to western confiscations of Russian assets. Baltika, based in St Petersburg, produces some of the most recognisable beer brands in Russia and has 8,400 employees across eight plants, according to the Carlsberg website.
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