Global Trade Alert
Global Trade Alert

Russia: Putin's decree puts Fortum Russia B.V. under temporary fiduciary management

Announcement

25 Apr 2023

In April 2023, the President of Russia issued a decree putting Fortum Russia B.V. under the temporary management of the Federal Agency for State Property Management in response to similar measures against Russian companies in the "unfriendly" states.

Source

Sign in to access

Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

25 Apr 2023

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 25 April 2023, the president of Russia published No. 302, placing Fortum Russia, a Russian subsidiary of Fortum, a Finnish state-owned energy company, under the temporary management of government a...

Sign in to see more

Related State Acts

16 Sep 2022

Germany: Federal Government places German Rosneft subsidiaries under temporary fiduciary management

04 Apr 2022

Germany: Federal Government places Gazprom Germania under temporary fiduciary management

17 Jan 2023

Russia: Authorisation for certain companies to exclude the votes of shareholders from the "unfriendly" countries

25 Apr 2023

Russia: Putin's decree puts Unipro under temporary fiduciary management

16 Jul 2023

Russia: Government places foreign stakes in Danone Russia and Baltika under temporary government control

18 Sep 2023

Russia: President of Russia transfers Amedia's assets under temporary fiduciary management

22 Dec 2023

Russia: President of Russia transfers Delance's assets under temporary government administration

13 Mar 2024

Russia: President cancels the decision to place Danone's assets under temporary government administration

15 Oct 2024

Russia: President of Russia transfers Universal Beverage Company's assets under temporary government administration

02 Dec 2024

Russia: President cancels the decision to place Carlsberg's Russian assets under temporary government administration

30 Sep 2024

Russia: President cancels the decision to place Delance's Russian assets under temporary government administration

30 Dec 2024

Russia: President of Russia transfers АВ InBev Efes BV's Russian subsidiary under the temporary administration of GK Vmeste JSC

30 Dec 2024

Russia: President of Russia transfers HMS Group owned by the Cyprus holding companies under temporary government administration

Threads

See all

This state act is not part of any Thread yet.