Politics · Russia · 1 hr ago
Putin places Tarkett and other companies’ Russian assets under temporary management
Vladimir Putin placed Russian assets of Tarkett and four other companies under temporary management by Tsentr Kapital.
Tarkett is a French flooring maker with two plants in Russia, in the Moscow and Samara regions.
The other companies make packaging or personal hygiene products, and their Russian stakes were also transferred to the manager.
The measure covers shares and stakes held in Russian businesses, including assets linked to Tarkett and its Russian operations.
A 2023 presidential decree provides the basis for the temporary-management list, which has also been expanded to include assets of other foreign companies in Russia.
The decree takes effect upon official publication, but the sources give no further details about how long the arrangement will last.
President Vladimir Putin placed the Russian assets of French flooring manufacturer Tarkett and several other companies under temporary management.
The managing company named for the assets is Tsentr Kapital.
The assets include shares in Tarkett companies and stakes in packaging and personal hygiene businesses.
The order took effect when it was officially published, according to Vedomosti.
The move adds to earlier transfers of foreign companies’ Russian assets under temporary management.
- Who
- President Vladimir Putin ordered the transfer. Tsentr Kapital was named as manager.
- What
- Russian assets of Tarkett and other companies were placed under temporary management.
- When
- The order was published on October 15, 2026, according to Vedomosti. Meduza reported the move on October 16.
- Where
- Russia.
- Why
- Not stated
This story does not have two clearly opposing sides.
Putin issued the decree establishing the framework for temporary management of certain assets, according to Vedomosti.
Putin transferred Russian assets including those of Nestlé and Auchan to temporary management, according to Vedomosti.
Putin transferred Metro Cash & Carry’s Russian assets to temporary management, according to Vedomosti.
The order transferring Tarkett and other companies’ Russian assets to Tsentr Kapital was officially published, according to Vedomosti.
- Manager
- Tsentr Kapital
- Tarkett plants
- Two in Russia, in the Moscow and Samara regions
- Tarkett shares
- 187,500 ordinary and 500,000 preferred shares held by a Serbian Tarkett company were transferred
- Other assets
- Kappa Rus, Ontex Ru, Eviosis Packaging Kuban and Mensen Packaging CIS
- Effective date
- The order took effect on the day of official publication