Tass: Russia takes over Fortum's local assets

Photo: Roni Rekomaa

by:Nora Fernstedt 

Vladimir Putin has signed a decree that means Russia can temporarily take over the assets of foreign companies in Russia.  

This is reported by the Russian news agency Tass. 

According to Tass, the decree also states that Russia has already taken over Finnish Fortum's assets in the country.  

Fortum has previously said that they want to liquidate their operations in Russia in an orderly manner. But in February they said it will take more time.  

Yesterday, the Russian bank manager Andrey Kostin said that Russia should consider taking over the assets of foreign companies until the sanctions against Russia are lifted, writes Reuters.