Russian President Vladimir Putin has issued a decree to place the Ulyanovsk Machine Tool Plant under temporary management by the Federal Property Management Agency. This development was reported by RIA News and marks a formal step in the management transition for the plant.
The decree specifies that the interim administration should include in the list of assets subject to this temporary control the entire 100 percent shareholding in the limited liability company that owns the Ulyanovsk Machine Tool Plant. The move effectively places full control of the company under the oversight of the state agency during the interim period.
The owner of the business is identified as the German company Gildemeister Beteiligungen GmbH. The decree took effect immediately, initiating the interim management arrangement without delay.
In related matters, the Russian Prosecutor General’s Office has previously linked similar actions to investigations into the Rolf Group of Companies, citing concerns about the founders’ activities. Specifically, the case involves former State Duma deputy Sergei Petrov, who reportedly stepped back from active entrepreneurial duties in 2016 yet retained ownership and management roles with the company while serving as a deputy. The prosecution contends that Petrov may have earned income through relatives and associates that was not disclosed in official declarations.
Earlier, President Putin directed the transfer of shares of the Rolf Group to interim administration under the Federal Property Management Agency, aligning with a broader policy pattern observed in asset management and state oversight practices. The sequence of events underscores the government’s ongoing role in supervising key industrial assets and the legal framework surrounding corporate ownership and public accountability.