Published by Global Banking & Finance Review®
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GooglePutin's decree transfers Air Liquide's Russian assets to M-Logistika, impacting joint ventures and local operations.
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.
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.
The move, which transfers the assets to a company called M-Logistika, follows a period of frayed relations between Moscow and Paris over Ukraine.
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)
Putin signed a decree placing the Russian assets of Air Liquide under the administration of a local company, M-Logistika.
The decree is part of Russia's response to what it calls 'unfriendly' measures by the United States and other Western countries.
The transfer includes Air Liquide's joint venture with Severstal and other Air Liquide businesses operating in Russia.
Air Liquide employed around 720 people in Russia, which represented less than 1% of the company's total turnover.
Air Liquide withdrew from Russia in 2022 after agreeing to shift its assets to local management.
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