RSPP Proposes Criteria for Introducing Temporary Management
RSPP President Alexander Shokhin said that the organization had proposed developing a set of criteria under which compliance or non-compliance would automatically trigger the transfer of a business into temporary management. RSPP also proposed establishing criteria for assessing the “effectiveness” of such management.
RSPP emphasized that the recent cases of temporary management being introduced could serve as a “pre-emptive signal” amid ongoing discussions in the EU over the possible seizure of frozen assets of the Bank of Russia. Presidential Press Secretary Dmitry Peskov noted the significance of the fact that certain assets are managed by representatives of “unfriendly countries involved in military actions.”
RSPP emphasized that the recent cases of temporary management being introduced could serve as a “pre-emptive signal” amid ongoing discussions in the EU over the possible seizure of frozen assets of the Bank of Russia. Presidential Press Secretary Dmitry Peskov noted the significance of the fact that certain assets are managed by representatives of “unfriendly countries involved in military actions.”
Nielsen and GfK Complete Exit from Their Russian Assets
U.S. company Nielsen and German company GfK, two major players in consumer analytics and media measurement, completed the transfer of their former Russian assets to new local owners. Venture investor Konstantin Leonovich acquired a 60% stake in GfK-Rus LLC, while the remaining 40% was acquired by a company controlled by GfK-Rus CEO Alexander Dorofeev. In addition, AC Nielsen was acquired by Leonovich, with Dorofeev appointed as its head. The transaction values were not disclosed.
The companies’ exit from the Russian market was likely driven by the entry into force on March 1, 2026 of a law regulating market research companies. Under the law, companies with more than 20% foreign ownership are prohibited from conducting market research for businesses.
The companies’ exit from the Russian market was likely driven by the entry into force on March 1, 2026 of a law regulating market research companies. Under the law, companies with more than 20% foreign ownership are prohibited from conducting market research for businesses.
Auchan, Lemana PRO, Nestlé and FM Logistic Assets Transferred to Temporary Management
A Presidential Decree was published transferring the Russian entities of Swiss food producer Nestlé, French logistics operator FM Logistic, as well as the Auchan and Lemana PRO retail chains (formerly Leroy Merlin), into temporary management. The measure affected a total of 16 companies with an estimated combined value of around RUB 600 billion. JSC L.E.V. Management was appointed as the temporary manager.
L.E.V. Management has already informed the companies that it is interested in maintaining uninterrupted operations and preserving jobs. The decision continues the broader expansion of the temporary management mechanism, which is increasingly being applied to large Russian assets of foreign groups that remain operational in sectors considered significant by the state.
L.E.V. Management has already informed the companies that it is interested in maintaining uninterrupted operations and preserving jobs. The decision continues the broader expansion of the temporary management mechanism, which is increasingly being applied to large Russian assets of foreign groups that remain operational in sectors considered significant by the state.
Food Embargo Extended Through the End of 2028
A Presidential Decree amended the duration of the special economic measures introduced by Presidential Decree No. 560 of August 6, 2014. The amendments extend restrictions on imports of agricultural products from a number of foreign countries from January 1, 2027 through December 31, 2028.
Restrictions on imports into Russia of certain agricultural products, raw materials, and food from countries that imposed sanctions on the Russian economy have been in place since 2014. Their duration has traditionally been extended for two-year periods. Under Presidential Decree No. 807 of September 18, 2024, the measures had previously been extended through December 31, 2026.
Restrictions on imports into Russia of certain agricultural products, raw materials, and food from countries that imposed sanctions on the Russian economy have been in place since 2014. Their duration has traditionally been extended for two-year periods. Under Presidential Decree No. 807 of September 18, 2024, the measures had previously been extended through December 31, 2026.
Metro Assets Transferred to Temporary Management of UK Torg RUS
A Presidential Decree was published transferring the Russian assets of German retailer Metro into the temporary management of JSC UK Torg RUS. The decision covers the company’s entire Russian business, including its operating company as well as logistics and real estate assets.
UK Torg RUS CEO J. M. Tolay has also served as head of Metro Cash & Carry LLC since April 2023 and is a member of the Board of Directors of PJSC M.Video. Metro’s Russian division explained the decision by citing “the need to ensure the safety of employees and infrastructure, as well as the continuity of business processes.”
UK Torg RUS CEO J. M. Tolay has also served as head of Metro Cash & Carry LLC since April 2023 and is a member of the Board of Directors of PJSC M.Video. Metro’s Russian division explained the decision by citing “the need to ensure the safety of employees and infrastructure, as well as the continuity of business processes.”
