Putin confiscates Russian assets of Tarkett and four other European companies
Russian President Vladimir Putin has signed a decree on the compulsory seizure of the Russian assets of French flooring maker Tarkett and four other European companies. Their combined annual revenue exceeds 50 billion rubles.
Russian leader Vladimir Putin has signed a decree ordering the compulsory seizure of assets located in Russia that belong to the French flooring manufacturer Tarkett and four other European companies. The measure means the property of these firms on Russian territory is being confiscated.
According to the Ukrainian outlet Pravda, the five companies together have annual revenue of more than 50 billion rubles. Tarkett is a French company that makes floor coverings.
The source does not say which four other European companies are affected, what they do, or what justification the Russian side gave for the decision. It also contains no information on any response from the companies or their home countries.
