Global Trade Alert
Global Trade Alert

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

Announcement

16 Jul 2023

In July 2023, the president of Russia amended Decree № 302, placing the foreign shares in Danone and Baltika companies under temporary government control. 

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

16 Jul 2023

Revocation date:

01 Dec 2024

Announced: 16 Jul 2023
Corporate control order
On 16 July 2023, the President of Russia amended Decree No. 352 (of 25 April 2023), placing the shares of Baltika, a Russian beer producer, owned by Carlsberg, a Danish brewing multinational, under te...
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Implementation date

16 Jul 2023

Revocation date:

12 Mar 2024

Announced: 16 Jul 2023
Corporate control order
On 16 July 2023, the President of Russia amended Decree No.352 (of 25 April 2023), placing the stakes of Danone's Russian subsidiary (Danone Russia) under temporary government control. Danone is a Fre...
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Related State Acts

Announced: 09 Jul 2025

Russia: President of Russia transfers Pet.Rus Plastic Holdings Ltd's Russian subsidiary under the temporary administration of SafPet Activ LLC

To be terminated: 20 Aug 2025

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

Announced: 30 Dec 2024

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

Announced: 02 Dec 2024

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

Announced: 15 Oct 2024

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

Announced: 30 Sep 2024

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

Announced: 22 Mar 2024

Russia: Danone receives government authorisation for the sale of its Russian business to Vamin R LLC

Announced: 13 Mar 2024

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

Announced: 22 Dec 2023

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

Announced: 18 Sep 2023

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

Announced: 25 Apr 2023

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

Announced: 25 Apr 2023

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

Announced: 27 Mar 2023

Russia: Imposition of a mandatory payment upon divestment by the companies from "unfriendly" countries

To be prolonged: 01 Jan 2026

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

Announced: 30 Dec 2022

Russia: Government imposes additional restrictions on divestment and capital repatriation by the firms from "unfriendly countries"

Announced: 08 Sep 2022

Russia: Restriction for the investors from "unfriendly states" in the "establishment, modification or termination" of ownership of Russian LLCs

End prolongation: 31 Dec 2025

Russia: Restrictions on foreign investment and commercial transactions in the energy and financial sector

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