According to Reuters, Danone is evaluating the possibility of intervention after Moscow took control of the French group’s Russian subsidiaries.
“Danone is in the process of sending a letter to the Kremlin and is examining possible legal avenues, but in a country of this type, it is not easy to assert one’s rights,” said the source quoted by the agency.
According to a decree signed by President Vladimir Putin on Sunday, the foreign-owned stakes in Danone Russia, along with the Carlsberg brewery’s stake in a local brewer, were placed under the “temporary management” of the government-owned agency Rosimushchestvo.
According to the source, Danone was close to reaching an agreement for the sale of its Russian subsidiary, when news of the decree was announced.