Putin Seizes Aptar's Russian Unit, Transfers to H&N Management
Russian President Vladimir Putin issued a decree transferring 100% of shares of LLC Aptar Vladimir, a Russian subsidiary of US-based AptarGroup, to temporary management of LLC H&N. This is part of Russia's broader pattern of seizing assets of foreign companies in response to sanctions. The move signals continued escalation in Russia's asset nationalization campaign, increasing risks for remaining foreign investors in Russia.
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Russia Expands Asset Seizures of European and US Firms
Russia is expanding its campaign of temporary asset transfers of European and US companies to Russian firms, as confirmed by a new Putin decree and the seizure of AptarGroup's Russian subsidiary. This action is a retaliatory measure against Western sanctions, with the scope and specific targets of future seizures remaining unclear. The move signals a hardening of Moscow's economic stance and increased risk for remaining foreign investors.