Russian bear Putin sharpens his claws to take hold of more European businesses
In a move that is likely to increase tension between Russia and Western Europe, the Kremlin has unexpectedly announced the "temporary external management" of Russian subsidiaries of Italian water heating company Ariston and German appliance maker BSH Hausgeraete. The subsidiaries, Ariston Thermo Rus, and BSH Household Appliances, now come under the management of Gazprom's Household Systems and are now completely under Russia's control. The Executive Order, signed by President Putin, which was revealed on Friday and backdated to Tuesday, states the measures are "an urgent response to the United...