Russian President Vladimir Putin signed Decree No. 738 in mid-October 2026, placing the Russian units of five European-linked companies, including Tarkett and Ontex, under temporary management. The mechanism lets Moscow take operational control without transferring legal title, leaving foreign investors uncertain about recovering their assets. It rests on Presidential Decree No. 302 of 25 April 2023, under which only the president can end temporary management; in this case he named Centre Capital (Tsentr Kapital) as manager instead of the default Rosimushchestvo. Earlier cases show that assets have been returned only after presidential decisions, sometimes in the context of exits negotiated with Russian authorities. Decree No. 604 of 24 August 2026 added a separate ground covering critical infrastructure, applying to Russian and foreign owners alike.
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