Global Trade Alert
Global Trade Alert

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

Announcement

15 Oct 2024

In October 2024, the President of Russia put Universal Beverage Company's Russian subsidiaries under temporary government administration. The measure concerns the subsidiaries of the firm from the country deemed "unfriendly" by the Russian government.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

15 Oct 2024

Revocation date:

No revocation date

FDI: Treatment and operations, nes In force

On 15 October 2024, the President of Russia issued Decree No. 890, placing Universal Beverage Company's Russian subsidiaries under temporary government administration. The measure concerns the subsidi...

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