Russia seizes assets of more European companies over Ukraine support

Summary

Russia seized control of local assets of European companies in a move reported from Moscow on Oct. 16. The Straits Times reports the decree covers four companies from France, Germany, Sweden and Belgium, while Euronews reports five firms, including businesses making flooring, paper packaging, hygiene products, and metal and plastic packaging. The Straits Times says the seizure was retaliation for Europe’s wartime support for Ukraine; Euronews says the firms continued operating in Russia after the 2022 invasion of Ukraine.

Timeline

1. The Straits Times

   16 Oct 2026, 05:50 UTCSource ↗

   The Straits Times reports that a decree by President Vladimir Putin seized the local assets of four companies from France, Germany, Sweden and Belgium in retaliation for Europe’s wartime support for Ukraine.

2. Euronews

   16 Oct 2026, 10:18 UTCSource ↗

   Euronews reports that the decree covers five firms in flooring, paper packaging, hygiene products, and metal and plastic packaging, which continued operating in Russia after the 2022 invasion of Ukraine.

3. The Straits Times

   16 Oct 2026, 12:16 UTCSource ↗

   The Straits Times reports that Russia seized the local assets of four companies from France, Germany, Sweden and Belgium.