Danone's Russian subsidiary removed from Kremlin-controlled list. Russia published a decree in July giving “temporary” control of Danone’s Russian assets to the state.
The group would like to sell its Russian subsidiary to a businessman linked to Chechen leader Ramzan Kadyrov, a close ally of Russian President Vladimir Putin. The Kremlin gave no explanation and the consequences for control of the Russian entity, either in practice or from a legal point of view, were not immediately clear.