The Aporia
The Straits Times. (2026, October 16). Russia moves on more European firms ahead of Zelenskiy's appearance at EU summit. The Straits Times. https://www.straitstimes.com/world/europe/russia-moves-on-more-european-firms-ahead-of-zelenskiys-appearance-at-eu-summit
The Straits Times. “Russia moves on more European firms ahead of Zelenskiy's appearance at EU summit.” The Straits Times, 16 Oct. 2026, https://www.straitstimes.com/world/europe/russia-moves-on-more-european-firms-ahead-of-zelenskiys-appearance-at-eu-summit.
The Straits Times. “Russia moves on more European firms ahead of Zelenskiy's appearance at EU summit.” The Straits Times, October 16, 2026. https://www.straitstimes.com/world/europe/russia-moves-on-more-european-firms-ahead-of-zelenskiys-appearance-at-eu-summit.
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On October 16, 2026, Russia placed local assets of French, German, Swedish, and Dutch companies under temporary management through a decree by President Vladimir Putin. The affected firms include French flooring maker Tarkett, German packaging maker Menshen, Swedish packaging firm Sverige International Holdings, and Dutch packaging company Sonoco. This action follows a similar move last month against food giant Nestle and retailers Auchan and Metro. Russia's decision is seen as retaliation for EU nations' support of Ukraine in the ongoing conflict. The Kremlin stated that this measure is "reversible" but comes ahead of Ukraine President Volodymyr Zelenskiy's appearance at an upcoming EU summit, amid reports suggesting the United States might seek control over some Russian assets frozen in Europe.