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    Home » Blog » Italy summons Russian envoy over Ariston subsidiary takeover

    Italy summons Russian envoy over Ariston subsidiary takeover

    April 27, 2024Updated:April 27, 2024 World No Comments
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    ROME: Italy on Saturday summoned Russia’s ambassador after Moscow announced it was putting a subsidiary of Italian heating firm Ariston Thermo Group under the “temporary management” of state energy giant Gazprom.
    Foreign Minister Antonio Tajani stated on X, previously Online, that the government needs clarification on the issue of the Ariston Thermo Group’s nationalization.
    He said he had asked the best established in Italy’s Foreign Office to awaken Russia’s adviser.
    ” ( We are ) working also with Brussels, in conjunction with Germany”, after Bosch was also targeted, he said.
    In another article, Tajani said he had spoken with the best managers of Ariston, adding that Rome” stands alongside companies, ready to protect them in all international industry”.
    President Vladimir Putin signed a Russian edict that was published on Friday, though it was dated Thursday.
    It transfers command over 100 percentage of the securities in Ariston’s Soviet businesses– Ariston Thermo Rus, owned by Ariston Holding NV and BSH Household Appliances, owned by BSH Hausgerate GmbH– to Gazprom Household Systems, a company of Gazprom.
    Moscow has imposed “temporary management control” on the Russian companies of a number of American companies, most notably European yoghurt-maker Vodafone and Danish brewer Carlsberg.
    The actions were seen as a reaction to Soviet company punishment by the West.
    American officials and some of the firms have blasted Moscow’s “nationalisation” of personal property.

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