Moscow puts subsidiaries of German and Italian firms under the control of a Gazprom division, sparking annoyance from Italy and the EU.
ADVERTISEMENTIn a move that is likely to increase tension between Russia and Western Europe, the Kremlin has unexpectedly announced the “temporary external management” of Russian subsidiaries of Italian water heating company Ariston and German appliance maker BSH Hausgeraete.
The subsidiaries, Ariston Thermo Rus, and BSH Household Appliances, now come under the management of Gazprom’s Household Systems and are now completely under Russia’s…