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9 hours ago

Russia seizes control of US-linked firm as it pushes for renewed ties with Washington

A Pennsylvania-linked manufacturer has been stripped of control over its Russian operations under a Kremlin order, raising fresh risks for Western companies as Moscow courts renewed economic ties with the United States.CANPACK, a global aluminum beverage can manufacturer owned by a Pennsylvania-based holding company, operates in multiple countries across Europe and North America and said its Russian business — valued at roughly $700 million — was placed under state "external administration" by a Dec. 31, 2025, decree signed by President Vladimir Putin, effectively transferring control of 100%...