() (../../../../static.themoscowtimes.com/img/icons/favicon.ico) (https://plus.google.com/114467228383524488842) (https://static.themoscowtimes.com/img/icons/apple-touch-icon-152x152.png) (https://static.themoscowtimes.com/img/icons/apple-touch-icon-144x144.png) (https://static.themoscowtimes.com/img/icons/apple-touch-icon-120x120.png) (https://static.themoscowtimes.com/img/icons/apple-touch-icon-114x114.png) (https://static.themoscowtimes.com/img/icons/apple-touch-icon-76x76.png) (https://static.themoscowtimes.com/img/icons/apple-touch-icon-72x72.png) (https://static.themoscowtimes.com/img/icons/apple-touch-icon-57x57.png) Putin Hands Control of 5 Western Firms to Ukraine War Veteran - The Moscow Times (putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998.html) (../../../../static.themoscowtimes.com/css/main.css@v=88.css) (https://www.google-analytics.com/) (https://www.themoscowtimes.com/) (The Moscow Times - Independent News from Russia) (The Moscow Times) Support The Moscow Times! (https://www.themoscowtimes.com/contribute?utm_source=contribute&utm_medium=internal-header) Contribute today (https://www.themoscowtimes.com/account) (https://www.themoscowtimes.com/account) (https://www.themoscowtimes.com/account) My account (https://www.themoscowtimes.com/account/signout) Signout × (https://www.themoscowtimes.com/#) Sections (https://www.themoscowtimes.com/) Home (https://www.themoscowtimes.com/ukraine-war) Ukraine War (https://www.themoscowtimes.com/news) News (https://www.themoscowtimes.com/opinion) Opinion (https://www.themoscowtimes.com/business) Business (https://www.themoscowtimes.com/arts-and-life) Arts and Life (https://www.themoscowtimes.com/#) (https://www.themoscowtimes.com/tag/Regions) Regions (https://www.themoscowtimes.com/podcasts) Podcasts (https://www.themoscowtimes.com/galleries) Galleries (https://www.themoscowtimes.com/newsletters) Newsletters (https://www.themoscowtimes.com/lectures) TMT Lecture Series (https://www.themoscowtimes.com/search) Archive (https://www.themoscowtimes.com/#) Multimedia projects (https://mothersanddaughters.themoscowtimes.com/) Mothers & Daughters (https://generationp.themoscowtimes.com/) Generation P (https://www.themoscowtimes.com/) (The Moscow Times - Independent News from Russia) (The Moscow Times) (https://www.themoscowtimes.com/news) News (https://www.themoscowtimes.com/ukraine-war) Ukraine War (https://www.themoscowtimes.com/tag/Regions) Regions (https://www.themoscowtimes.com/business) Business (https://www.themoscowtimes.com/opinion) Opinion (https://www.themoscowtimes.com/arts-and-life) Arts & Life (https://www.themoscowtimes.com/podcasts) Podcasts (https://www.themoscowtimes.com/search) Archive (https://ru.themoscowtimes.com) RU (https://www.themoscowtimes.com/search) (Search) (https://www.themoscowtimes.com/account) (https://www.themoscowtimes.com/account) (https://www.themoscowtimes.com/account) My account (https://www.themoscowtimes.com/account/signout) Signout Support The Moscow Times! (https://www.themoscowtimes.com/contribute?utm_source=contribute&utm_medium=internal-header-mobile) Contribute today (putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998.html) Putin Hands Control of 5 Western Firms to Ukraine War Veteran Oct. 16, 2026 (https://www.facebook.com/sharer/sharer.php?u=https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998) (Share on Facebook) (https://twitter.com/intent/tweet/?url=https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998&text=Putin Hands Control of 5 Western Firms to Ukraine War Veteran) (Share on Twitter) (https://telegram.me/share/url?url=https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998) (Share on Telegram) (https://wa.me/?text=https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998) (Share on WhatsApp) (https://www.themoscowtimes.com/cdn-cgi/l/email-protection#734c000611191610074e201b1201161749532306071a1d533b121d170053301c1d07011c1f531c155346532416000716011d53351a011e0053071c53261801121a1d1653241201532516071601121d55111c170a4e321d531201071a101f165315011c1e53271b16533e1c00101c0453271a1e160049531b07070300495c5c0404045d071b161e1c00101c04071a1e16005d101c1e5c414341455c42435c42455c0306071a1d5e1b121d17005e101c1d07011c1f5e1c155e465e0416000716011d5e151a011e005e071c5e061801121a1d165e0412015e0516071601121d5e124a404a4a4b) (Share with email) (https://flipboard.com) (Share on Flipboard) (https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998/pdf) (Download as PDF) Marat Mirkhaidarov. Social media President Vladimir Putin (http://publication.pravo.gov.ru/document/0001202610150039?index=2#print) signed a decree Thursday placing the Russian assets of five major Western manufacturing companies under the temporary management of a little-known firm owned by an ex-official who fought in Ukraine. The targeted European and U.S. assets include French flooring giant Tarkett, Belgian hygiene manufacturer Ontex Ru, German plastic packager Menshen, corrugated producer Kappa Rus and metal packaging producer Eviosys, a subsidiary of the U.S. Sonoco Products Company. Their combined 2025 revenue (https://theins.ru/news/298363) exceeds 53 billion rubles ($633.2 million), with Tarkett accounting for 19.3 billion rubles, Kappa Rus 16.5 billion rubles, Ontex Ru 10.3 billion rubles, and Eviosys and Menshen 6.1 billion rubles and 1.4 billion rubles, respectively. Putin’s decree hands management rights to Tsentr Kapital Management Company, a Moscow entity established in February 2026, according to corporate registry data (https://www.rbc.ru/politics/15/10/2026/6ad1340bfe5156c3455b3a67?from=main_lines_5) cited by RBC. Tsentr Kapital is owned by 47-year-old Marat Mirkhaidarov, the former deputy governor and chief of staff of Far East Russia’s Zabaikalsky region. Mirkhaidarov volunteered to serve in Ukraine with Chechnya’s Akhmat unit in early 2024, (https://www.agents.media/poluchivshij-po-resheniyu-putina-aktivy-pyati-inostrannyh-kompanij-eks-chinovnik-poprosil-agentstvo-ne-pisat-ob-etom-chtoby-ne-pomogat-vragam/) according to exiled media reports. “I’m a patriot, I served in the special military operation [in Ukraine]. I have combat awards,” Mirkhaidarov told the Agentstvo outlet on Friday, expressing caution about his and his family’s safety over the news. news (https://www.themoscowtimes.com/2026/10/19/kremlin-seizes-nestle-and-auchan-assets-in-latest-business-crackdown) (Kremlin Seizes Nestlé and Auchan Assets in Latest Business Crackdown) Kremlin Seizes Nestlé and Auchan Assets in Latest Business Crackdown Read more Mirkhaidarov stepped down from his regional administration post in March 2025, citing the need for medical rehabilitation after sustaining injuries during a delivery mission near the frontline. Putin (https://www.themoscowtimes.com/2023/04/26/putin-allows-seizure-of-unfriendly-foreign-assets-a80940) signed an order in 2023 granting the state the authority to place foreign assets under its temporary management. The regime strips foreign owners of operational control over their Russian subsidiaries while preserving nominal legal title. Moscow has described the asset seizures as a response to “hostile actions” taken by “unfriendly” foreign governments. On Friday, the Kremlin (https://t.me/youlistenedmayak/44634) said the latest transfers represent a continued policy “trend” targeting countries that froze more than 210 billion euros in Russian reserves in Europe. “Their origin was one of the factors taken into account when making the decision,” Kremlin spokesman Dmitry Peskov told reporters during a daily briefing. “We’re talking about those countries that take part in illegally holding Russian money, Russian assets. These are countries that take part in the illegal expropriation of Russian companies’ property,” Peskov said. Reuters contributed reporting. Read more about: (https://www.themoscowtimes.com/tag/ukraine-war) (Ukraine war) Ukraine war , (https://www.themoscowtimes.com/tag/sanctions) (Sanctions) Sanctions , (https://www.themoscowtimes.com/tag/nationalization) (Nationalization) Nationalization Sign up for our free weekly newsletter Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. (https://www.themoscowtimes.com/newsletterpreview/article) Preview (Your email) (Your name) Subscribe Subscribers agree to the (https://www.themoscowtimes.com/page/privacy-policy) Privacy Policy We sent a confirmation to your email. Please confirm your subscription. A Message from The Moscow Times: Dear readers, We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent." These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia. We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, (https://www.themoscowtimes.com/contribute?utm_source=contribute&utm_medium=article) (we need your help) we need your help . Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $ 2. It's quick to set up, and every contribution makes a significant impact. By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us. Once Monthly Annual Continue (paiment methods) Not ready to support today? Remind me later . × Remind me next month (Email) Remind me Thank you! Your reminder is set. We will send you one reminder email a month from now. For details on the personal data we collect and how it is used, please see our (https://www.themoscowtimes.com/page/privacy-policy) (privacy policy) Privacy Policy . (https://www.facebook.com/sharer/sharer.php?u=https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998) (Share on Facebook) (https://twitter.com/intent/tweet/?url=https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998&text=Putin Hands Control of 5 Western Firms to Ukraine War Veteran) (Share on Twitter) (https://telegram.me/share/url?url=https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998) (Share on Telegram) (https://wa.me/?text=https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998) (Share on WhatsApp) (https://www.themoscowtimes.com/cdn-cgi/l/email-protection#b689c5c3d4dcd3d5c28be5ded7c4d3d28c96e6c3c2dfd896fed7d8d2c596f5d9d8c2c4d9da96d9d0968396e1d3c5c2d3c4d896f0dfc4dbc596c2d996e3ddc4d7dfd8d396e1d7c496e0d3c2d3c4d7d890d4d9d2cf8bf7d896d7c4c2dfd5dad396d0c4d9db96e2ded396fbd9c5d5d9c196e2dfdbd3c58c96dec2c2c6c58c9999c1c1c198c2ded3dbd9c5d5d9c1c2dfdbd3c598d5d9db998486848099878699878099c6c3c2dfd89bded7d8d2c59bd5d9d8c2c4d9da9bd9d09b839bc1d3c5c2d3c4d89bd0dfc4dbc59bc2d99bc3ddc4d7dfd8d39bc1d7c49bc0d3c2d3c4d7d89bd78f858f8f8e) (Share with email) (https://flipboard.com) (Share on Flipboard) (https://www.themoscowtimes.com/2026/10/16/putin-hands-control-of-5-western-firms-to-ukraine-war-veteran-a93998/pdf) (Download as PDF) Most read Just in (https://www.themoscowtimes.com/2026/10/19/putin-trump-and-xi-could-hold-trilateral-meeting-on-ukraine-war-next-month-kremlin-says-a94022) (Putin, Trump and Xi Could Hold Trilateral Meeting on Ukraine War Next Month, Kremlin Says) Oct. 19, 2026 Putin, Trump and Xi Could Hold Trilateral Meeting on Ukraine War Next Month, Kremlin Says (https://www.themoscowtimes.com/2026/10/19/kursk-becomes-first-region-to-appoint-ukraine-war-veterans-rights-ombudsman-a94019) (Kursk Becomes First Region to Appoint Ukraine War Veterans’ Rights Ombudsman) Oct. 19, 2026 Kursk Becomes First Region to Appoint Ukraine War Veterans’ Rights Ombudsman (https://www.themoscowtimes.com/2026/10/19/fm-lavrov-heads-to-tehran-for-talks-with-iranian-leadership-a94018) (FM Lavrov Heads to Tehran for Talks With Iranian Leadership) Oct. 19, 2026 FM Lavrov Heads to Tehran for Talks With Iranian Leadership (https://www.themoscowtimes.com/2026/10/19/putin-approves-major-government-cabinet-reshuffle-a94017) (Putin Approves Major Government Cabinet Reshuffle) Oct. 19, 2026 Putin Approves Major Government Cabinet Reshuffle (https://www.themoscowtimes.com/2026/10/19/russia-and-ukraine-should-focus-on-peace-talks-rubio-says-a94016) (Russia and Ukraine Should Focus on Peace Talks, Rubio Says) Oct. 19, 2026 Russia and Ukraine Should Focus on Peace Talks, Rubio Says (https://www.themoscowtimes.com/2026/10/18/one-killed-5-injured-in-ukrainian-drone-attack-on-st-petersburg-governor-says-a94015) (One Killed, 5 Injured in Ukrainian Drone Attack on St. Petersburg, Governor Says) Oct. 18, 2026 One Killed, 5 Injured in Ukrainian Drone Attack on St. Petersburg, Governor Says (https://www.themoscowtimes.com/2026/10/18/trump-needs-more-time-to-assess-impact-of-russian-sanctions-rubio-says-a94014) (Trump Needs More Time to Assess Impact of Russian Sanctions, Rubio Says) Oct. 18, 2026 Trump Needs More Time to Assess Impact of Russian Sanctions, Rubio Says (https://www.themoscowtimes.com/2026/10/18/trump-needs-more-time-to-assess-impact-of-russian-sanctions-rubio-says-a94014) (Trump Needs More Time to Assess Impact of Russian Sanctions, Rubio Says) 1 Trump Needs More Time to Assess Impact of Russian Sanctions, Rubio Says (https://www.themoscowtimes.com/2026/10/18/one-killed-5-injured-in-ukrainian-drone-attack-on-st-petersburg-governor-says-a94015) (One Killed, 5 Injured in Ukrainian Drone Attack on St. Petersburg, Governor Says) 2 One Killed, 5 Injured in Ukrainian Drone Attack on St. Petersburg, Governor Says (https://www.themoscowtimes.com/2026/10/19/russia-and-ukraine-should-focus-on-peace-talks-rubio-says-a94016) (Russia and Ukraine Should Focus on Peace Talks, Rubio Says) 3 Russia and Ukraine Should Focus on Peace Talks, Rubio Says (https://www.themoscowtimes.com/2026/10/19/putin-approves-major-government-cabinet-reshuffle-a94017) (Putin Approves Major Government Cabinet Reshuffle) 4 Putin Approves Major Government Cabinet Reshuffle (https://www.themoscowtimes.com/2026/10/19/fm-lavrov-heads-to-tehran-for-talks-with-iranian-leadership-a94018) (FM Lavrov Heads to Tehran for Talks With Iranian Leadership) 5 FM Lavrov Heads to Tehran for Talks With Iranian Leadership Read more (https://www.themoscowtimes.com/2026/04/01/us-lifts-sanctions-on-3-russian-cargo-vessels-linked-to-exports-from-occupied-ukraine-a92397) (U.S. Lifts Sanctions on 3 Russian Cargo Vessels Linked to Exports From Occupied Ukraine) U.S. Lifts Sanctions on 3 Russian Cargo Vessels Linked to Exports From Occupied Ukraine The vessels are reported to have ties to Russian war finance, government insiders and the export of resources extracted from occupied Ukraine. 2 Min read (https://www.themoscowtimes.com/2025/02/23/uk-to-unveil-sweeping-sanctions-against-russia-a88124) (U.K. to Unveil Sweeping Sanctions Against Russia) U.K. to Unveil Sweeping Sanctions Against Russia London will target Russia's financial, aviation, military and energy sectors, including through bank asset freezes, travel bans, and trade restrictions... 2 Min read (https://www.themoscowtimes.com/2025/02/21/tougher-sanctions-on-russia-are-possible-but-it-wont-be-easy-a88104) (Tougher Sanctions on Russia Are Possible. But It Won’t Be Easy) opinion Janis Kluge Tougher Sanctions on Russia Are Possible. But It Won’t Be Easy There still exist economic levers that could pressure Russia to end the war. But even if the will exists, imposing sanctions won't be simple. 5 Min read (https://www.themoscowtimes.com/2022/12/27/ukraine-war-international-isolation-fuels-russian-mental-health-crisis-a79773) (Ukraine War, International Isolation Fuels Russian Mental Health ‘Crisis’) Feature Ukraine War, International Isolation Fuels Russian Mental Health ‘Crisis’ Boris started taking antidepressants for the first time in his life at the end of February, shortly after Russian tanks rolled across the border into Ukraine... (https://www.themoscowtimes.com/) (The Moscow Times - Independent News from Russia) (The Moscow Times) (https://www.themoscowtimes.com/#) The Moscow Times (https://www.themoscowtimes.com/page/moscow-times) About us (https://www.themoscowtimes.com/page/privacy-policy) Privacy Policy Privacy Manager (https://www.themoscowtimes.com/#) (https://www.themoscowtimes.com/podcasts) Podcasts (https://www.themoscowtimes.com/videos) Videos (https://www.themoscowtimes.com/galleries) Galleries (https://www.themoscowtimes.com/newsletters) Newsletters (https://www.themoscowtimes.com/search) Archive (https://www.themoscowtimes.com/#) Follow us (https://www.facebook.com/MoscowTimes/) (https://twitter.com/moscowtimes) (https://www.instagram.com/themoscowtimes/) (https://t.me/+fmbCxJOTTPMyZjQy) (https://www.themoscowtimes.com/page/rss) (https://www.youtube.com/channel/UCRNPdAfK5Mp8ORtjUt3Q8UA) (https://www.themoscowtimes.com/#) Media Partners (https://www.themoscowtimes.com/partner/bne-intellinews) (bne IntelliNews) bne IntelliNews (https://investigatebel.org/en) (Belarusian Investigative Center) Belarusian Investigative Center (https://www.themoscowtimes.com/#) © The Moscow Times, all rights reserved.