Putin seizes five more European firms, continuing Russia's hostile asset crackdown

Russian President Vladimir Putin has signed a decree ordering the compulsory seizure of Russian assets belonging to French flooring manufacturer Tarkett and four other European companies, whose combined annual revenue exceeds 50 billion roubles (€532 million). The assets have been placed under the interim control of a management company called Centre Capital, registered in February 2026. Its chief executive is listed as Marat Mirkhaydarov, former head of the administration of the regional governor of Zabaykalsky, who stood down in 2025 following an injury sustained in Russia's ongoing war in Ukraine.