Published on March 31, 2026
President Vladimir Putin has signed a decree that places the Russian assets of two prominent Western companies—Danish insulation producer Rockwool and Polish-American packaging manufacturer Canpack—under temporary state management. The decree was officially published on the Russian legal information portal, marking a significant escalation in the Kremlin’s approach towards foreign businesses amid ongoing geopolitical tensions.
This move specifically targets the Russian subsidiaries of both companies, effectively continuing a trend that has gained momentum since the conflict in Ukraine intensified. Foreign entities operating in Russia have faced increasing scrutiny and restrictions as the country navigates its complicated relationship with the West.
The assets transferred to state control primarily include several production facilities previously owned . The Danish firm, which specializes in producing thermal insulation made from stone wool, had been a significant player in the Russian market, operating four industrial sites in locations such as the Moscow region, Vyborg, Troitsk, and the Republic of Tatarstan.
While the decree aims to safeguard jobs and maintain the production capabilities of these companies within Russia, it raises questions about the long-term viability of foreign investment in the country. The Russian government has increasingly implemented similar measures as part of its strategy to foster self-sufficiency and reduce reliance on Western imports.
This latest decision underscores the shifting dynamics of business operations in Russia, which have become increasingly uncertain amid escalating sanctions and international isolation. The placement of these assets under state control is likely to further impact relations between Russia and the West, particularly as other foreign businesses evaluate their positions in light of ongoing policy changes.
Related News
- Photos of the country’s only traveling youth circus
- Key Adviser Quits Federal Vaccine Panel
- Los magnates que quisieron hacer un mundo mejor gracias a la fotografía
- Takeaways From The Times’s Inside Look at the C.D.C.
- L.A. social media addiction verdict set to unleash more lawsuits — and force changes
- How Tucker Carlson’s Bizarre Gear Became the Hottest Fashion Trend for Liberals