Headlines
Putin moves Air Liquide's Russian assets to local company
Published by Global Banking & Finance Review®
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Quick Summary
Putin's decree transfers Air Liquide's Russian assets to M-Logistika, impacting joint ventures and local operations.
Putin moves Air Liquide's Russian assets to local company
Overview of Asset Transfer
MOSCOW (Reuters) -Russian President Vladimir Putin signed a decree on Friday placing the Russian assets of French group Air Liquide under the administration of a local company.
Background on Air Liquide
The decree is related to Russia's response to what it describes as "unfriendly" measures by the United States and other Western countries, which seized Russia's property during the war in Ukraine.
Impact of the Decree
The move, which transfers the assets to a company called M-Logistika, follows a period of frayed relations between Moscow and Paris over Ukraine.
Details of the Joint Venture
The transfer includes Air Liquide's joint venture with Severstal, one of Russia's top steelmakers, and other Air Liquide businesses in Russia.
The French company supplies gases, technologies and home healthcare services. It pulled out of Russia in 2022 after signing an agreement to shift its Russian assets to local management.
The company has said it employed close to 720 people in Russia, which accounted for less than 1% of the group's turnover.
(Reporting by Vladimir Soldatkin, Editing by William Maclean)
Key Takeaways
- •Putin signed a decree transferring Air Liquide's Russian assets.
- •The assets are moved to a local company, M-Logistika.
- •This is a response to Western 'unfriendly' measures.
- •Includes joint ventures with Severstal in Russia.
- •Air Liquide exited Russia in 2022, affecting 720 employees.
Frequently Asked Questions about Putin moves Air Liquide's Russian assets to local company
1What did Putin's decree involve?
Putin signed a decree placing the Russian assets of Air Liquide under the administration of a local company, M-Logistika.
2Why did Russia take this action?
The decree is part of Russia's response to what it calls 'unfriendly' measures by the United States and other Western countries.
3What assets are being transferred?
The transfer includes Air Liquide's joint venture with Severstal and other Air Liquide businesses operating in Russia.
4What was Air Liquide's presence in Russia?
Air Liquide employed around 720 people in Russia, which represented less than 1% of the company's total turnover.
5When did Air Liquide pull out of Russia?
Air Liquide withdrew from Russia in 2022 after agreeing to shift its assets to local management.
