News

23.10.26

Foreign brands halve activity in entering Russian market

Analysts have recorded a decline in the number of foreign brands entering the Russian market, the Russian business daily Kommersant reports, citing data from consulting firms.

Foreign brands halve activity in entering Russian market
21.10.26

Putin places assets of five foreign companies under temporary management

Russian President Vladimir Putin has signed a decree placing the Russian assets of the French flooring manufacturer Tarkett, three foreign packaging companies — Georg Menshen GmbH & Co. KG (Germany), Sonoco Packaging Netherlands Investments B.V. (Netherlands, part of the US group Sonoco) and Sverige International Holdings AB (Sweden) — and the Belgian personal hygiene products maker Ontex under temporary management.

14.10.26

Metro itself asked Russian authorities for temporary management – Le Monde

Metro’s Russian assets were placed under temporary management at the request of the German group itself, Le Monde French newspaper reported on 7 October, citing an unnamed Russian source.

13.10.26

Former German chancellor Schröder joins supervisory board of Globus chain in Russia

Germany's former chancellor Gerhard Schröder has become a member of the supervisory board of Hyperglobus LLC, the main legal entity of the Russian arm of the German hypermarket chain Globus.

Former German chancellor Schröder joins supervisory board of Globus chain in Russia
08.10.26

Putin allows UniCredit to restructure business to exit Russia

President Vladimir Putin has authorised Italy's UniCredit to carry out a reorganisation of its Russian subsidiary bank, UniCredit Bank AO, and of transactions in its shares, according to an order published on 5 October.

07.10.26

Putin allows Softex to buy Western Union's Russian subsidiary

President Vladimir Putin signed an order on 28 September allowing Softex LLC to buy 100 % of the charter capital of Western Union DP Vostok, the non-bank credit institution that is the Russian subsidiary of the international payment system Western Union.

06.10.26

Metro placed under temporary management

Temporary management has been imposed on the legal entities of the Metro hypermarket chain, according to a decree signed by President Vladimir Putin on 28 September.

Metro placed under temporary management
05.10.26

Auchan, Nestlé, FM Logistic and Lemana Pro under temporary management. Why it happened and what comes next

President Vladimir Putin on 17 September signed a decree placing under temporary management several of the largest remaining Russian assets of European companies: namely, the main Russian legal entities of the French grocery chain Auchan, the home-improvement retailer Lemana Pro (formerly Leroy Merlin), the French logistics operator FM Logistic and Switzerland's Nestlé, the world's largest food and beverage producer.

29.09.26

Austrian court orders Rasperia to pay Raiffeisen and Raiffeisenbank 3.15 billion euros

The Vienna Regional Civil Court ruled on 22 September, in the absence of the Russian defendant Rasperia Trading Limited (Kaliningrad), that it must pay 3.15 billion euros to the Austrian banking group Raiffeisen Bank International (RBI) and its Russian subsidiary Raiffeisenbank, RBI's press office said.

28.09.26

Lawyers say control of payments to "unfriendly" creditors is being tightened

The authorities may tighten control over payments by Russian companies to persons linked to "unfriendly" states, and banks have already begun refusing to carry out transactions that could breach the limit of 10 million rubles, the approach to which is changing in 2026, RBC reports, citing lawyers and consultants.

Lawyers say control of payments to "unfriendly" creditors is being tightened