Displaying items by tag: Federal Tax Service

Russia: Switzerland-based Holcim has written to multiple Russian government ministries to challenge a court ruling changing the benefactors of its Russian business. Local press has reported that the producer is subject to attempted assets raiding, with multiple anonymous submissions to the Russian Federal Tax Service requesting structural changes to its legal entities in Russia.

Holcim decided to leave the Russian market in March 2022 following the invasion of Ukraine.