E-Malt.com News article: Russia: Russia hands Danone, Carlsberg assets to nephew of Putin-linked Chechen leader

Russia named the nephew of Chechen leader Ramzan Kadyrov and an ally of President Vladimir Putin to head the seized local assets of France’s Danone SA and Denmark’s Carlsberg A/S, Al Arabiya reported on July 19.

Yakub Zakriev, 32, who’s Chechnya’s agriculture minister, is now listed as general director of Danone Russia, according to the official Spark-Interfax disclosure service. He’s a nephew of Kadyrov, the Chechen ruler who’s a protege of Putin and has been repeatedly accused of human rights violations in the southern Russian republic.

The Federal Property Management Agency also appointed Taimuraz Bolloyev to lead Carlsberg’s Baltika Brewing Co., according to a spokesman for the Russian company. Russia’s RBC and Vedomosti newspapers reported the appointments earlier.

The change to the management of Baltika Breweries has “been made without the knowledge or approval by Carlsberg Group,” the company said in an emailed statement on Wednesday. “It is unclear to Carlsberg Group what implications this development will have on the ongoing operations of Baltika Breweries in Russia as well as the current sales process.”

The yogurt maker and the brewer had both been trying to leave Russia. Russia on Sunday seized control of the local subsidiaries of Danone and Carlsberg under a decree Putin signed in April. The decree allowed for the assets of companies or individuals from “unfriendly states to be taken over by the state in response to similar moves or the threat of them by those countries.”

Bolloyev, 70, who previously headed Baltika from 1991 to 2004, is president of a clothing company that became the sole supplier for Russia’s army in 2012, Vedomosti reported on Tuesday. Putin appointed him as head of the Olimpstroy state corporation that built sports facilities for the flagship 2014 Winter Olympics in Sochi. Bolloyev was also a campaign representative for Putin in the 2000 and 2004 presidential elections.

Previously, Russia used the powers to take control of utilities owned by Finland’s Fortum Oyj and Germany’s Uniper SE in April. Days later, officials who had worked in state-run oil producer Rosneft PJSC, headed by Putin’s ally Igor Sechin, were appointed to run both units.


19 July, 2023