Russia places European firms' local assets under temporary management

• Russia has placed local assets of French, German, Swedish, and Dutch companies under temporary management.
• This action was taken by a decree from President Vladimir Putin.
• The move comes as EU ties with Russia deteriorate due to the bloc's support for Ukraine.
• The action precedes Ukrainian President Zelenskiy's appearance at the EU summit.
• This is a response to the ongoing tensions and sanctions related to the Ukraine conflict.