The Kremlin has stated that Russia’s recent move to place the assets of foreign companies under temporary management is not intended as a prelude to nationalization or a change in ownership. Kremlin spokesperson Dmitry Peskov clarified this position on Tuesday, addressing concerns about the future of these assets. This decision impacts companies based in nations imposing sanctions on Russia. The temporary management aims to protect the interests of Russian stakeholders and ensure the continued operation of businesses during the current geopolitical climate. Peskov emphasized that the measure is a response to the actions of unfriendly countries and is not directed at harming foreign investors generally. The Kremlin maintains that it views the preservation of economic activity as a priority.