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Putin appoints trustees to Danone and Carlsberg's subsidiaries in Russia

With the decision of Russian President Vladimir Putin, temporary trustees were appointed to both companies.

Putin's decision was enacted under a regulation introduced this year that gave the Russian state the right to seize the assets of companies from "unfriendly countries". The regulation was put into practice after Russia launched an all-out invasion attempt on Ukraine on February 24, 2024.

Danone and Carlsberg were in the process of selling their Russia operations.

In line with Putin's decree, the Baltika Brewery, owned by Danone Russia and Carlsberg, came under the control of the Russian Federal Property Management Agency.

Photo: Unsplash

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