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Danone's Russian yoghurt business to be run by Chechen warlord's nephew (Photo: Mikel Lizarralde)

Russia now 'totally unsafe' for foreign firms, EU warns

Russia has become "totally unsafe" for foreign investors, the EU foreign service has warned in Europe's first reaction to the daylight robbery of Carlsberg and Danone.

"The presidential decree [on the asset-seizures] is yet another proof of Russia's disregard for international law and rules, this time by once again targeting the economic interests of foreign companies legitimately operating in Russia," EU foreign service spokesman Peter Stano told EUobserver on Wednesday (19 July).

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Danone's Russian yoghurt business to be run by Chechen warlord's nephew (Photo: Mikel Lizarralde)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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