Putin transferred the assets of Canpack and Rockwool under temporary management

Russian President Vladimir Putin has placed under temporary management the assets of the Russian subsidiaries of the Polish-American aluminum packaging company Canpack and the Danish manufacturer of mineral insulation Rockwool. The relevant decree was published on the official Internet portal of legal information on January 13.

According to the document, 100% of the shares in Ken-Pak LLC and Ken-Pak Packaging Plant will be temporarily managed by Stalelement, which is engaged in the wholesale supply of machine—building fasteners. The assets of Russian Rockwool enterprises — 100% in Rockwool LLC and 68% in Rockwool — Volga LLC — will be temporarily managed by Construction Assets Development JSC, specializing in holding structures. The decisions came into force on December 31, 2025.

Canpack is one of the world's largest manufacturers of aluminum containers, including beverage cans, and has been operating in Russia since 1992. The Danish company Rockwool, which produces heat and sound insulation materials, has been present on the Russian market since 1909.

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Why are such transactions gaining momentum and what benefits do they bring to the state?

In August 2025, Putin's decree was published, according to which the shares of the Finnish energy concern Fortum in JSC Chelyabenergoremont were transferred under the temporary management of the Federal Property Management Agency. According to the documents, as part of protection against unfriendly actions, "314,949,000 shares were transferred to Rosimushchestvo for temporary management."

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