Source: Fox News
“A Pennsylvania-linked manufacturer has been stripped of control over its Russian operations under a Kremlin order, raising fresh risks for Western companies as Moscow courts renewed economic ties with the United States. CANPACK, a global aluminum beverage can manufacturer owned by a Pennsylvania-based holding company, operates in multiple countries across Europe and North America and said its Russian business — valued at roughly $700 million — was placed under state ‘external administration’ by a Dec. 31, 2025, decree signed by President Vladimir Putin, effectively transferring control of 100% of its shares to state-appointed managers. CEO Peter Giorgi said the company lost all operational authority after administrators arrived in mid-January.” (04/11/26)
https://www.foxnews.com/politics/russia-seizes-control-us-linked-firm-pushes-renewed-ties-washington