France urges Russia to reverse takeover of French company subsidiaries
France has asked Russian authorities to undo the provisional administration of several French and European subsidiaries, calling the move unjustified.
Paris has formally requested that Russian officials rescind their recent decision to assume control of multiple Russian subsidiaries belonging to French and other European firms. In a joint communiqué, the French ministries of Economy and Foreign Affairs condemned the provisional administration as lacking justification. The statement noted that the French government is maintaining close dialogue with the impacted companies and pressing Moscow to reconsider.
Russian authorities had framed the action as a response to the subsidiaries' affiliation with nations considered unfriendly toward Russia because of the war in Ukraine. No specific firms were named, but the dispute highlights growing economic tensions between the two countries. France's appeal underscores its broader effort to protect national business interests abroad.
Why it matters
The dispute could affect French investments in Russia and signal wider economic friction over the Ukraine war.
How this story developed
- Sep 17 Putin places Auchan and Nestlé Russian assets under temporary state control
- Sep 18 The decree now also includes the small share of Leroy Merlin’s Russian entity.
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