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Add as a preferred source on GooglePutin Places Russian Assets Linked to Tarkett and Menshen Under Temporary Management
Tarkett is a French flooring maker, and Menshen is a German packaging producer. The Kremlin said the measure could be reversed.
Russian President Putin signed a decree placing assets in Russia tied to companies from France, Germany, Sweden and the Netherlands under temporary management in response to European Union support for Ukraine.
French flooring maker Tarkett and German packaging manufacturer Menshen are among the companies whose Russian assets are covered. The decree also applies to assets tied to Swedish and Dutch companies.
The Kremlin said the temporary-management arrangement could be reversed.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.