(Reuters) -The European Union criticised Russia on Saturday for placing subsidiaries of 1 Italian and one German firm beneath the “short-term exterior administration” of a Gazprom (MCX:) entity, saying the transfer underscored Moscow’s disregard for worldwide norms.
Russian President Vladimir Putin positioned the Russian subsidiaries of Italian water heating firm Ariston and German equipment maker BSH Hausgeraete beneath JSC Gazprom Family Programs, in accordance with a decree printed on Friday.
“These measures, concentrating on respectable financial actions, are one more proof of Russia’s disregard for worldwide legislation and guidelines,” a spokesperson for the EU’s diplomatic service stated in an announcement.
It stated the strikes confirmed that Russia, which is waging conflict on Ukraine, was “an unpredictable actor additionally within the financial discipline, and has created a enterprise local weather which is unfair and hostile in direction of overseas traders”.
“The European Union calls on Russia to reverse these measures and search acceptable options with European firms focused by them,” the assertion stated.
Ariston stated on Saturday it was “extraordinarily stunned” by the transfer and was assessing the implications of the decree from a governance and managerial standpoint.
