Reuters
Putin seizes control of Russia's biggest car dealership
VIDEO: Police officer charges in connection to casino heists | FOX 5 News
FOX 5 Atlanta
(Reuters) -President Vladimir Putin placed Russia's biggest car dealership under temporary state management on Friday, in a step the Kremlin said was driven by commercial logic but which its founder said made the country look uninvestable. Rolf, which is owned by a Cyprus-based firm and was founded by Russian businessman Sergei Petrov, was one of the first car dealerships to emerge after the collapse of the Soviet Union. Its seizure, set out in a decree published on a government website, comes after Moscow has taken temporary control this year of several Western-owned assets in response to Russian assets being frozen or disrupted by sanctions in the West.
Author: David Cook
Last Updated: 1703341803
Views: 1062
Rating: 3.7 / 5 (42 voted)
Reviews: 95% of readers found this page helpful
Name: David Cook
Birthday: 1996-07-31
Address: 749 Brown Track Suite 877, South Chelsea, VA 26655
Phone: +4577871918164529
Job: Bank Teller
Hobby: Robotics, Pottery, Chess, Playing Piano, Yoga, Running, Amateur Radio
Introduction: My name is David Cook, I am a expert, multicolored, capable, rare, candid, lively, tenacious person who loves writing and wants to share my knowledge and understanding with you.