Putin transfers local Russian units of Italy's Ariston and Germany's BSH Hausgeraete to Russian management
Posted on April 29th, 2023
MOSCOW, April 26 (Reuters) - President Vladimir Putin has placed the Russian subsidiaries of Italian water heating company Ariston and Germany appliance maker BSH Hausgeraete under the temporary management of a Gazprom entity, according to a decree published on Friday.
JSC Gazprom Household Systems will act as a temporary manager for the two businesses.
Russia has placed the assets of a handful of Western companies under "temporary management" since the start of the war in Ukraine, justifying such moves as retaliation for actions by other countries against Russian businesses.
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