Russia has taken over the management of subsidiaries of two European power utilities and left the door open to similar action against assets owned by companies based in "unfriendly countries." Wednesday's move follows a decree signed by President Vladimir Putin that allows Russian government agencies to take temporary control of foreign-owned assets deemed to be of strategic importance. The decree could have future implications for assets owned by oil and gas majors with assets in Russia such as BP or TotalEnergies. The initial move under the decree targets Russian subsidiaries of Finland's Fortum and Gemany's ... (full story)