Russia: Putin entrusts assets of five Western groups to former Ukraine fighter

Author: Cédric AmoussouPublished on: October 16, 2026Country: Russia

World / InternationalBusiness & Economy

Russia: Putin entrusts assets of five Western groups to former Ukraine fighter

Vladimir Putin signed a decree on October 15 placing the Russian assets of five Western industrial groups under temporary management, including France’s Tarkett, Belgium’s Ontex Ru and Germany’s Menshen. Management was assigned to Tsentr Kapital Management Company, a Moscow-based firm established in February 2026 and owned by Marat Mirkhaidarov, a former deputy governor of the Zabaikalsk region. Mirkhaidarov confirmed that he fought in Ukraine in early 2024 with the Akhmat unit and said he received decorations for bravery. The Kremlin describes such measures as retaliation for European restrictions on Russian assets abroad; temporary management does not necessarily mean the assets have been permanently nationalized.

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