Russian Authorities Lift Temporary State Management from French Food Giant Danone

Russian Authorities Lift Temporary State Management from French Food Giant Danone

Russian President Vladimir Putin has decided to cancel the nationalization of French food giant Danone’s business in Russia, according to an announcement from Kremlin spokesman Dmitry Peskov.

The decision, made for reasons of expediency, signifies a reversal of the previous transfer of Danone’s assets to Russia’s Federal Property Management Agency.

Kremlin Rescinds Danone’s Nationalization: Putin’s Decree Reverses Previous Transfer

In a significant turn of events, the Kremlin has rescinded the nationalization of Danone’s business in Russia, overturning the previous decision to transfer its assets to state management.

The decree signed by President Putin marks a reversal of course, emphasizing the need to carefully consider all factors and conditions in such matters, as stated by Dmitry Peskov.

Decree Reversal: Putin Cancels Nationalization of Danone in Russia

President Vladimir Putin has issued a decree canceling the nationalization of French food giant Danone’s business in Russia, effectively ending its transfer to state management.

The decision, announced by Kremlin spokesman Dmitry Peskov, underscores the importance of weighing all relevant factors in such situations, emphasizing that each decision is made independently based on its own expediency.

Russian Authorities Lift Temporary State Management from French Food Giant Danone

Russian authorities have lifted temporary state management from the assets of French food giant Danone in Russia, according to an announcement by Kremlin spokesman Dmitry Peskov.

This decision, made by President Putin, signifies a departure from the previous arrangement and emphasizes the need to evaluate each situation individually.

Vladimir Putin Overturns Danone’s Nationalization, Ending State Management

President Vladimir Putin has overturned the nationalization of French food giant Danone’s business in Russia, putting an end to its temporary state management.

The decision, announced by Kremlin spokesman Dmitry Peskov, highlights the complexity of such matters and the importance of considering all relevant factors before making a decision.

Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn

Read Related News On TDPel Media

Advertisement
Advertisement: Download Vital Signs App (VS App)