Russian authorities have placed the Russia-based assets of industrial gas major Air Liquide under state administration.
Since 2022 Air Liquide has taken steps to prepare for the threat of Russian state intervention, separating the business and setting aside a provision of €586m.
This long-awaited more gives the Russian government control over the business in Russia. It has taken over other former Europe-owned companies similarly.
The industrial gas major said it was made aware of the decision on 29 August and would examine all available courses of action.
… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld
You’ve reached your weekly limit to access free articles!
Want to keep reading?
Please register for free and create a profile to gain access to this full article and gasworld’s daily news.
For access to more content including our monthly digital magazines, subscriber-only features or columns and all our other gasworld archives, please consider subscribing.
Alternatively, you can continue reading more articles as a guest on Monday, 8th September at 10:28AM
