Global Trade Alert
Global Trade Alert

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

Announcement

30 Dec 2024

In December 2024, the president of Russia put HMS Group, which was owned via the Cyprus holding companies, under temporary government administration. The measure concerns subsidiaries of the companies from the country deemed "unfriendly" by the Russian government. In August 2025, the president of Russia cancelled the decision.

Source

Sign in to access

Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

30 Dec 2024

Revocation date:

20 Aug 2025

To be terminated: 20 Aug 2025
Corporate control order
On 30 December 2024, the President of Russia issued Decree No. 1130, placing HMS Group, owned by the Cyprus holding companies HMS Technologies Limited and Adrano Enterprises Limited, under temporary g...
Sign in to see more

Related State Acts

Announced: 20 Aug 2025

Russia: President cancels the decision to place HMS Group under temporary government administration

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

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: 11 Jul 2024

Russia: President of Russia transfers Silgan Holdings' assets under temporary government administration

Announced: 26 Apr 2024

Russia: President transfers the assets of Ariston Holding and BSH Hausgerate GmbH under Gazprom's administration

Announced: 08 Apr 2024

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

Announced: 13 Mar 2024

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

Announced: 19 Feb 2024

Russia: President of Russia transfers ownership of Gildmeister Beteilgungen GmbH's subsidiary 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: 16 Jul 2023

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

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

Threads

See all

Economic Sanctions Related to the Russian Invasion of Ukraine

This Thread outlines restrictions on trade, financial transactions, and economic activities imposed on commercial entities by any jurisdiction, provided these measures are directly related to the Russian invasion of Ukraine. Additionally, the Thread includes sanctions against non-Russian commercial entities from other jurisdictions if these measures were adopted on the grounds of their involvem...

Published: 09 Jan 2025

1543

interventions

43

jurisdictions

Harmful Trade Policy Measures

This Thread tracks harmful trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

70660

interventions

194

jurisdictions

BRICS: Harmful Trade Policy Interventions

This Thread tracks harmful trade policy interventions introduced by BRICS members since 2009. It covers all types of interventions monitored by Global Trade Alert.

Published: 13 Jan 2025

23417

interventions

81

jurisdictions

G20: Harmful Trade Policy Interventions

This Thread tracks harmful trade policy interventions introduced by G20 members since 2009. It covers all types of interventions monitored by Global Trade Alert.

Published: 15 Jan 2025

53986

interventions

121

jurisdictions