The decree was published on the official portal of legal information. Under the management of LLC Management Company Center Capital go 187,500 ordinary and 500,000 preference shares of JSC Tarkett, previously held by the Serbia-registered company Tarkett, based in the town of Backa Palanka.
The same document transfers 100 ordinary shares of JSC Tarkett Rus and 100% of the stakes in LLC Tarkett Sommer. Alongside the Tarkett assets, temporary management also took in 12,565 shares of JSC Kappa Rus, as well as 100% stakes in LLC Ontex RU, LLC Eviosys Packaging Kuban and LLC Menshen Packaging CIS.
Tarkett makes flooring for residential, commercial, industrial and sports premises. According to the company's 2024 report, it ranked third in the world by sales volume in the industry and was the largest producer of vinyl flooring. The company has 34 plants in total, including two in Russia, and eight facilities for recycling worn flooring.
The decree amends the list of assets covered by decree No. 302 of April 25, 2023. That document spoke of the need for "retaliatory measures" in response to the "seizure" of Russian property by the United States and "foreign states that have joined it."
In September, Putin placed the Russian assets of Switzerland's Nestle, the German hypermarket chain Metro, the French retail chain Auchan and Lemana Pro - the former Russian business of Leroy Merlin - under temporary management.
As the Reuters news agency reported, citing sources in the Russian government and companies, the assets of large Western companies that continued operating in Russia after the Russian army's invasion of Ukraine in 2022 became the target of a confiscation campaign. The agency's interlocutors did not rule out that the Russian divisions of the Italian bank UniCredit and the Austrian Raiffeisen could also end up under temporary external management.
"The time has come for asymmetric measures. Let them think about what measures they are taking [against us] and what sanctions they are imposing," a senior representative of the Russian authorities told Reuters on condition of anonymity. "Let them be afraid," he added.