Top 10 Articles of 2023 – No. 9: Carlsberg, Danone Operations Seized by Russian Government

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.”)