Exclusive-Russia's seizures offer warning to Western firms hoping for Trump-inspired return [Yahoo! Finance]
DANONE S/ADR (DANOY)
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Source: Yahoo! Finance
One announced himself as the new director general and said he would now be making the decisions. The men had been sent by Rosimushchestvo, Russia's federal property management agency, according to the company's founder and two people with knowledge of the matter. President Vladimir Putin had decreed that Glavprodukt and other assets ultimately owned by U.S. company Universal Beverage be placed under the Russian state's "temporary management", giving Moscow control over the running of the business. That fate has befallen around a dozen foreign companies, including Danish brewer Carlsberg and Finnish utility Fortum, since Russia invaded Ukraine in February 2022, but Glavprodukt was the first U.S.-owned business to come under Moscow's control in this way. U.S. President Donald Trump's push for a rapid restoration of ties with Moscow, which would presumably entail a lifting of the economic sanctions the U.S. imposed in concert with other Western countries to punish Russia for its
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