Putin nationalizes Bosch and Ariston in Russia: Decree transfer to Gazprom

"I immediately activated our embassy in Russia and talked to the heads of the Italian company. The Italian government stands by the companies, ready to protect them in all international markets." This was written on X by Deputy Prime Minister and Minister of Foreign Affairs Antonio Tajani after Russian President Vladimir Putin signed a decree temporarily transferring the Russian subsidiaries of Ariston and Bosch to Russia's Gazprom Domestic Syst…

The decree, posted on the official legal information portal, concerns Ariston Thermo Rus, controlled by Ariston Holding, and Bsh Household Appliances.

Russian President Vladimir Putin signed a decree transferring 100% of the shares of Russian subsidiaries to Gazprom...

According to the decree of Russian President Vladimir Putin, 100% of the shares in the subsidiaries of Ariston and BSH Hausgerate should be transferred to temporary management of Gazprom household systems JSC.

Vladimir Putin has transferred 100% of the shares of the subsidiaries BSH Hausgerate and Ariston to the temporary management of Gazprom household systems, one of the structures of Gazprom. This is stated in his decree, published on the legal information portal.

It turns out, one of the daughters of Gazprom produces household appliances