Putin places assets of five foreign companies under temporary management

21 Oct, 2026

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.

The assets of all five companies have passed to Center Capital Management Company LLC. The company was registered on 3 February 2026; its line of business is managing holding structures. According to media reports, its chief executive and sole owner is Marat Mirkhaidarov.

The decision affects the following legal entities:

Tarkett JSC with 2025 revenue of 19.3 billion rubles (or $233 million at the current exchange rate) and Tarkett Sommer LLC with 2025 revenue of 3.4 billion rubles ($41 million);
Menshen Packaging CIS LLC, revenue of 1.4 billion rubles ($17 million);
Eviosys Packaging Kuban LLC (Sonoco) with revenue of 6 billion rubles ($72 million);
Kappa Rus JSC (Sverige), revenue of 16.6 billion rubles ($200 million);
and Ontex RU LLC with revenue of 10 billion rubles ($120 million).

That brings the number of foreign companies whose assets are currently under temporary management to 26, 16 of them since the start of 2026. In September 2026 the Russian assets of the French retailers Auchan and Lemana Pro (formerly Leroy Merlin), the logistics operator FM Logistic, the Swiss food producer Nestlé and the German hypermarket chain Metro were placed under temporary management.

Putin places assets of five foreign companies under temporary management

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