Russia is transferring more assets of European companies to temporary management, according to a decree issued by President Vladimir Putin and reported by Reuters. The Kremlin has framed this action as a response to the support provided by European Union countries to Ukraine. However, officials state the seizure is reversible. This move escalates tensions amid the ongoing conflict and represents a significant step in Russia’s economic countermeasures. The affected assets are located within Russia and are now under the control of the state-appointed temporary administration. While presented as a retaliatory measure, the long-term implications for European businesses operating in Russia remain uncertain. The Kremlin maintains that the situation is subject to change based on future developments.