The European Union asked Russia to cancel the transfer of Russian assets from Ariston and Bosch to the Gazprom subsidiary. The European External Action Service (EEAS) called the decision a violation of international law.

EU authorities opposed the transfer of Russian assets to Ariston and Bosch

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“These measures, directed against legitimate economic activity, are further proof of Russia’s disregard for international law and norms,” ​​the EEAS press service said in a statement.

The agency called the Russian Federation “an unpredictable player in the economic sphere” and the business climate in the country “arbitrary and hostile to foreign investors.”

The EU authorities asked to reconsider the transfer of Ariston and Bosch subsidiaries and to look for “acceptable” solutions in relation to foreign companies.

Last week, Vladimir Putin signed a decree on the transfer to the temporary management of Gazprom Household Systems of 100% of Ariston Thermo Rus, owned by the Italian holding Ariston, as well as 100% of BSH Household Appliances, a subsidiary of the German BSH. Hausgeräte.

Photo: 8th.creator / Shutterstock

Author:

Akhmed Sadulayev

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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