President Vladimir Putin has signed a decree placing the Russian assets of French flooring maker Tarkett under the temporary management of a Russian company, Ukrainska Pravda reported, citing the official Russian legal portal. The same decree transferred assets of four other European-owned firms, including paper packaging maker Kappa Rus and hygiene products maker Ontex RU, and the affected companies have combined annual revenue above 50 billion rubles. Tarkett had kept two of its 34 worldwide plants in Russia after the full-scale invasion of Ukraine.
Putin decree seizes Tarkett and four other European firms in Russia
A Putin decree has placed the Russian assets of French flooring maker Tarkett and four other European-owned firms under temporary Russian management, companies with combined annual revenue above 50 billion rubles.
Why it matters: The seizures extend a September wave of European business takeovers in Russia and raise the risk for the European firms, including banks, that have stayed in the market.
Data as of Via Ukrainska Pravda, in Ukrainian, on October 15, 2026, citing the official Russian legal information portal and The Moscow Times; single-sourced in this run, so graded C.
Sources
- Putin confiscated the Russian assets of Tarkett and several other European companies · Ukrainska Pravda · 2026-10-15