In July, Russian President Vladimir Putin put the assets of Carlsberg and Danone operations in Russia under “temporary management” of the state.
Putin signed an order placing the shares of Carlsberg’s Baltika Breweries and Danone Russia, the country’s largest dairy company, under the control of Russia’s Federal Agency for State Property Management. (In April 2022, Russia put rules in place that allows it to seize the assets of firms from countries it deems “unfriendly.”)
“With the signing of the presidential decree on 16 July 2023, Carlsberg Group no longer retains control of the management or operations of Baltika Breweries. The change to the management of Baltika Breweries has consequently been made without the knowledge or approval by Carlsberg Group,” a Carlsberg spokesman said.
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Carlsberg, Danone Operations Seized by Russian Government
