Russian President Vladimir Putin has signed a decree placing the Russian assets of several companies from France, Germany, Sweden, and the Netherlands under temporary administration, according to ChainCatcher. Companies named in the report include French flooring manufacturer Tarkett and German packaging producer Menshen. The Kremlin said the move was a response to the European Union’s support for Ukraine and added that the measures can be reversed. The report did not disclose additional companies beyond those examples, nor did it specify the scale of the assets involved. ChainCatcher presented the development as a brief news update.
Russian President Vladimir Putin has signed a decree to place the Russian assets of several companies from France, Germany, Sweden, and the Netherlands under temporary administration, according to ChainCatcher.
The report said the companies involved include French flooring manufacturer Tarkett and German packaging manufacturer Menshen.
The Kremlin described the move as a response to the European Union’s support for Ukraine and said the measures can be revoked.
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