Tag

Uniper

All articles tagged with #uniper

business2 years ago

Russia's asset seizures limit exit options for Western companies.

Russia has taken temporary control of assets belonging to Finnish energy group Fortum and its former German subsidiary Uniper, raising concerns over the fate of other Western companies in Russia. The move comes as pressure grows to impose more sanctions on Moscow over Ukraine. Both companies have been trying to exit Russia, and the decree outlining possible retaliation if Russian assets abroad are seized shows Moscow has already taken action against Uniper's Russian division Unipro and Fortum's assets.

politics2 years ago

Putin nationalizes foreign companies' assets in Russia.

Russian President Vladimir Putin has signed a decree establishing temporary control of the Russian assets of two foreign energy firms, Uniper and Fortum, as a possible retaliation if Russian assets abroad are seized. The move comes in response to "unfriendly and contrary to international law" actions from the United States and others. The shares in the two entities have been placed in the temporary control of Rosimushchestvo, the federal government property agency. The agency said more foreign firms could find their assets under temporary Russian control, but the decree does not concern ownership issues and does not deprive owners of their assets.