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  • ‘Foreign Companies Are Being Taken Hostage’: Kremlin Escalates Campaign on Western Corporates

    07/19/2023 1:15:09 PM PDT · by Timber Rattler · 58 replies
    The Moscow Times ^ | July 19, 2023 | Jake Cordell
    The Kremlin’s move to seize the Russian assets of Carlsberg and Danone is Moscow’s most brazen attack yet on foreign firms operating in Russia, and is likely to trigger fresh concern among businesses that have continued operating in the country, experts said. President Vladimir Putin is handing control of the Russian subsidiaries of French food maker Danone and Danish brewer Carlsberg to regime loyalists, according to local media reports and government corporate registries, in a move that amounts to an expropriation of assets valued at well over $1 billion. Both companies have huge operations in Russia and had publicly said...