Russia Places Major Western Companies’ Assets Under Temporary Management

Russia has placed assets belonging to major foreign companies operating in the country under temporary management through a presidential decree.

The measure covers 16 Russian companies and legal entities linked to the foreign businesses, bringing their assets under the temporary management arrangement.

The decision concerns assets held within Russia. The information provided does not identify the affected companies or specify the sectors in which they operate.

No details were given on who will manage the assets, how long the arrangement will remain in place or what conditions would allow it to end.