The Russian state has taken control of French yogurt maker Danone’s (DANO.PA) Russian subsidiary along with beer company Carlsberg’s (CARLb.CO) stake in a local brewer, according to a decree signed by President Vladimir Putin on Sunday. The decree said that foreign-owned stakes in Danone Russia and Baltika Breweries were being put under the “temporary management” of government property agency Rosimushchestvo. It comes after the Russian subsidiaries of Germany’s Uniper and Finland’s Fortum were seized in April, as Moscow warned it could seize more Western assets temporarily in retaliation for moves against Russia abroad. The Kremlin’s move highlights the risks facing … Continue reading Putin nationalizes Danone’s Russian assets and Carlsberg’s stake in Baltika Brewery