Danone’s Director in Russia Zakriev became subject to US sanctions

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Danone executive Yakub Zariev was included in the US sanctions list. This is stated in the message Online US Treasury Department.

It was noted that Yakub’s father, Salman Zakriev, First Deputy Chairman of the Chechen Parliament, was also subject to sanctions.

July 16, Russian President Vladimir Putin signed a decree On the transfer of foreign assets of Danone and Baltika to the management of the Federal Property Management Agency. In particular, 98.56% of Baltika shares owned by Carlsberg, 1.35% owned by Hoppy Union LLC and 0.09% held by Carlsberg Deutschland GmbH were transferred to the interim management of the state institution.

Then it was reported that the transfer of Russian companies Danone and Carlsberg to the Federal Property Management Agency may mean the reluctance of the authorities to withdraw large sums from the sale of assets abroad, which could affect the ruble exchange rate. The possibility of introducing state management to other companies selling business in Russia is also being considered. In addition, all transactions involving the transfer of companies to local government can be stopped if such agreements have been made.

Previously at the European Commission named the amount Russia’s sovereign assets in the European Union were frozen.

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