Russia has taken ownership of Danone and Carlsberg’s Russian operations, according to a new order issued by Russian President Vladimir Putin.
Moscow implemented legislation earlier this year that allow it to seize assets from “unfriendly” countries.
The Russian state took this action in response to several corporations stopping operations in Russia following the country’s invasion of Ukraine.
When the decision was issued on Sunday, Danone and Carlsberg were already in the process of selling their Russian operations.
The shares of Danone Russia and Carlsberg-owned Baltika Breweries were transferred under the supervision of the Russian property agency Rosimushchestvo as a result of this decree.
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Danone, based in France, indicated that it is presently “investigating the situation” after starting the process to sell its Russian business in October of the previous year.
The company also stated that it is prepared to take all necessary steps to safeguard its rights as a Danone Russia shareholder and assure the continuity of business activities.
Carlsberg, on the other hand, indicated that it has yet to receive official information from Russian authorities concerning the presidential directive and its ramifications for Baltika Breweries.
The Danish brewer also stated that it had gone through a lengthy process to separate its Russian division from the rest of the corporation.
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They had reached an agreement to sell Baltika Breweries last month, but the transaction had not yet been completed.
According to the corporation, the prognosis for this sales process has become exceedingly unpredictable as a result of the latest presidential proclamation.
President Putin signed an order in April allowing Russia to temporarily take control of foreign assets in reaction to actions by the United States and other nations that Russia deemed “unfriendly and contrary to international law.”
It comes as a pre-dawn damaged a bridge linking Russia to Moscow-annexed Crimea that is a key supply route for Kremlin forces in the war with Ukraine, forcing the span’s temporary closure for a second time in less than a year.
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Two people were killed and their daughter was injured.
Putin has ordered increased security at the 19-kilometre (12-mile) Kerch Bridge, repeating a call he made in October 2022 when the span was severely damaged by an explosion that Moscow also blamed on Kyiv.
He also promised, “there will be a response from Russia, of course”.
“What happened is another terrorist act of the Kyiv regime,” Putin said at a televised meeting with officials. “It is a crime that is pointless from the military point of view, it bears no significance because the Crimean bridge hasn’t been used for military means in a long time, and it is brutal, because blameless civilians were injured and killed.”
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