Kremlin appoints Chechnyan official to run Danone Russia - Lejit Reporters
Kremlin appoints Chechnyan official to run Danone Russia - Lejit Reporters
Russia has appointed a senior official from Chechnya to run Danone’s assets in the country after president Vladimir Putin nationalised them earlier this week.
Yakub Zakriev, the province’s agriculture minister and reportedly the nephew of its strongman leader Ramzan Kadyrov, was made chief executive of Danone Russia on Tuesday, according to corporate records.
Danone had been days away from finalising the sale of the asset to another prospective buyer before Putin ordered the seizure of its Russian assets and breweries owned by Denmark’s Carlsberg.
The expropriations, announced on Sunday, are a prelude to transfers of foreign assets to sanctioned regime loyalists who would be unable to buy them directly, analysts and insiders say.
