Putin transfers local Russian units of Italy's Ariston and Germany's BSH Hausgeraete to Russian management

Reuters
Russian President Putin attends the Congress of the Russian Union of Industrialists and Entrepreneurs in Moscow

MOSCOW (Reuters) - President Vladimir Putin has placed the Russian subsidiaries of Italian water heating company Ariston and Germany appliance maker BSH Hausgeraete under the temporary management of a Gazprom entity, according to a decree published on Friday.

JSC Gazprom Household Systems will act as a temporary manager for the two businesses.

Russia has placed the assets of a handful of Western companies under "temporary management" since the start of the war in Ukraine, justifying such moves as retaliation for actions by other countries against Russian businesses.

(Reporting by Reuters; Editing by Mark Trevelyan)

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