On 13 March 2024, a new Presidential Decree (No. 186) was enacted with immediate effect, which excluded AO Danone Russia from the List. The new decree does not say anything about the reasons behind the exclusion of AO Danone Russia and, thus, reinstatement of Danone’s control over its Russian subsidiary.
Read in detail in the alert at the link:
As we advised in one of our previous client alerts, Presidential Decree On Temporary Administration of Certain Assets No. 302, dated 25 April 2023, introduced temporary administration in relation to certain Russian assets owned by foreign groups associated with unfriendly states, namely in relation to Uniper’s Russian subsidiary PAO Unipro and Fortum’s Russian subsidiary PAO Fortum. In July 2023, the list of assets subject to such temporary administration was expanded to include, among others Carlsberg’s Russian subsidiary Baltika Brewery LLC.
04.12.2024