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Putin tightens grip on foreign-owned breweries in Russia

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Vladimir Putin has taken control of breweries previously owned by Belgian and Turkish companies. This affects the company that produced beers such as Bud, Stella Artois, Löwenbräu, and Velkopopovický Kozel.
Russian President Vladimir Putin has recently signed a decree that allows the Russian government to temporarily take control of foreign-owned assets, including breweries, if they are deemed to be of "strategic importance" to the country. This move is seen as part of a broader strategy to assert greater control over key industries amid ongoing geopolitical tensions, particularly with Western countries. The decree specifically targets assets from nations that Russia considers "unfriendly," a category that includes the United States, European Union countries, and others that have imposed sanctions on Russia. This action not only affects the operations of foreign companies within Russia but also signals a potential escalation in economic warfare, where Russia could use these assets as leverage in international negotiations or as a response to further sanctions. The decree has raised concerns among international investors about the security of their investments in Russia, potentially leading to a reevaluation of business strategies in the region.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/politics/government/putin-tightens-grip-on-foreign-owned-breweries-in-russia/ar-AA1wPUTO ]