Russia ramps up its economic war with the West as it seizes local operations of 2 corporate giants

• Russia escalated its economic war with the West by seizing local operations of Carlsberg and Danone.
• They marked the second seizures of Western assets since the Kremlin unveiled a decree in April.
• The move is another form of retaliation against Western sanctions imposed on Russia.

Russia escalated its economic war with the West by seizing the local assets of the Danish brewer Carlsberg and the French food company Danone, two multinationals that had been in the process of exiting the country.

Their Russian operations are now under the temporary control of the government, according to a decree signed by Russian President Vladimir Putin on Sunday.