Russia seizes more EU companies’ assets over Ukraine support

Arab News · 16‏/10‏/2026، 3:22:08 م

MOSCOW: Russia has seized local assets of four companies from France, Germany, Sweden and Belgium, according to a decree by President Vladimir Putin, in retaliation for Europe’s wartime support for Ukraine. Thursday’s decree listed assets belonging to French flooring maker Tarkett, German packaging maker Menshen, Swedish packaging maker Sverige International Holdings and Belgian hygiene product company Ontex. The decree also listed Russian assets of former European metal-packaging business Ev