Headlines
Russia seeks to end foreign corporate holding of vodka producer Russian Standard
Published by Global Banking & Finance Review®
Posted on February 5, 2025
1 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 5, 2025
1 min readLast updated: January 26, 2026
Russia's finance ministry targets the foreign corporate structure of Russian Standard Vodka, citing Western sanctions as a challenge.
(Reuters) - Russia's finance ministry has added the Russian Standard Group companies to a list of "economically significant organisations" and launched an arbitration case over their foreign corporate holding structure, it said on Wednesday.
The ministry listed holding companies in Cyprus and the United States and said that Western sanctions were impeding the operations of Roust Russia and Russian Standard Vodka, which make vodka and other spirits.
Russia has carried out similar moves with leading retailer X5 and private lender Alfa Bank. As Western nations discuss seizing Russian assets abroad, Moscow is keen to reduce possible foreign interference or leverage, particularly over economically important entities.
(Reporting by Darya Korsunskaya and Alexander Marrow; Editing by Louise Heavens)
The article discusses Russia's efforts to control foreign corporate holdings of Russian Standard Vodka due to Western sanctions.
Why is Russia targeting these holdings? To reduce foreign interference and leverage over key economic entities.
What other companies have been targeted? Similar actions have been taken against X5 and Alfa Bank.
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