Putin transfers foreigners’ shares in Baltika and Danone subsidiary to Federal Agency for State Property Management

Russian dictator Vladimir Putin transferred foreigners’ shares in Baltika and Danone subsidiary to the management of the Federal Agency for State Property Management; earlier, the companies announced the sale of their assets in the Russian Federation.

Source: This is stated in the decree of the President of the Russian Federation, reports the Russian state news agency RBK.

According to the decree, the shares of foreign companies in the Russian subsidiary of Danone and Baltika were transferred to the temporary management of the Federal State Property Agency.

Such a decision was made in accordance with the Decree of the President of the Russian Federation of April 2022 on the temporary management of certain property, which was put into effect due to the need for “urgent measures in response to hostile acts” . [actions] And [actions] contrary to international law”, the sanctions of the United States and other countries against Russian natural and legal persons.

Danone has 13 factories producing traditional dairy products, yoghurts, desserts under the brands Prostokvashino, Activia, Actimel, Danissimo, Tema, Alpro in the Russian Federation.


It has been reported that French dairy producer Danone is offering potential investors control of part of the assets of the Russian Federation on the condition of a buyout.

Danish brewery Carlsberg Group plans to finalize the sale of the Russian business by the summer.

In March 2022, the Carlsberg Group announced a complete exit from Russia after the temporary cessation of activities on the territory of the terrorist state.

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