Global Trade Alert
Global Trade Alert

Russia: President of Russia places Fortum Holding BV's Russian subsidiary Chelyabenergoremont JSC under the temporary government administration

Announcement

25 Aug 2025

In August 2025, the president of Russia placed Chelyabenergoremont JSC, a Russian subsidiary of Fortum Holding BV, under the temporary government administration. The measure concerns the subsidiary of the firm from the country deemed "unfriendly" by the Russian government.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

25 Aug 2025

Revocation date:

No revocation date

Updated: 20 Oct 2025
Corporate control order In force

On 25 August 2025, the President of Russia issued Decree No. 593, placing Chelyabenergoremont JSC, the Russian subsidiary of Fortum Holding BV, under temporary government administration. The measur...

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