Russia seizes local assets of Danone and Carlsberg, increasing fears for remaining foreign brands

BUSINESS DAILY © FRANCE 24

The Russian government has seized the local subsidiaries of both French dairy group Danone and Danish brewer Carlsberg using a decree signed by President Vladimir Putin on Sunday. This follows the introduction of new rules in April that allow the state to take over the assets of firms from "unfriendly" countries. In this edition, we take a closer look at the tightrope that Western companies have to walk if they are still operating in Russia despite its full-scale invasion of Ukraine.