Russia seizes control of Danone and Carlsberg assets in response to sanctions
- Russia has seized control of the local subsidiaries of Danone and Carlsberg.
- The government decree allows seizure of foreign-owned assets if Russian assets abroad are seized or threatened.
- The moves raise pressure on Western companies still operating in Russia to leave the country.
- The seizures throw into doubt Carlsberg's planned sale of its Baltika Breweries unit and Danone's sale of its Russian dairy business.
- Prior foreign companies affected include Germany's Uniper and Finland's Fortum.