Russian dictator Vladimir Putin signed a decree on July 16 on the transfer of significant food industry assets — Baltika Brewing Company LLC and Danone Russia JSC — to "temporary management", according to the published decree.
The Russian government has published a presidential decree, transferring Baltika Breweries to the temporary management of the Russian Federal Agency for State Property Management. The Carlsberg Group has not received any official information from the Russian Authorities regarding the presidential decree or the consequences for Baltika Breweries. The Carlsberg Group has been operating in accordance with local rules and regulations in Russia and finds this development unexpected. The Group.
The Russian subsidiary of beer manufacturer Carlsberg has been taken over by Russia after president Vladimir Putin signed an order to put it in “temporary management” of the state.