Russia Presidential Decree 464 places Kolomoisky-linked PETRUS plastic-packaging plants under SafPet Aktiv (Tatneft) temporary administration

Mechanism

Decree No. 302 (25 April 2023), "On temporary management of certain property," is Russia's standing legal instrument for placing Russian-based property of companies from "unfriendly" jurisdictions — or, as here, property tied to individuals under Russian criminal investigation — under state or state-linked administration. Decree No. 464 is one such amendment, signed and published (and thus in force) on 9 July 2025, adding 100 percent of the authorized-capital shares of JSC PETRUS to the Decree 302 schedule and naming SafPet Aktiv LLC, a Kazan-based Tatneft subsidiary already active in PET-packaging (it acquired SafPet LLC in 2019), as temporary administrator.

Unlike the FDI-sanctions-driven additions to the same list (e.g. Fortum, Air Liquide, Canpack, Rockwool — all owned by companies from "unfriendly" states), this addition is nominally triggered by a domestic criminal case: a Vakhitovsky District Court (Kazan) order arresting PETRUS's assets ahead of a possible damages judgment against Igor Kolomoisky, whom Russian investigators name as the company's ultimate beneficial owner. The practical effect is identical — control passes from the foreign holding company (Cyprus-registered Pet.Rus Plastic Holdings Ltd) to a Russian state-adjacent administrator — but the legal hook (asset arrest in a criminal matter) differs from the sanctions-reciprocity hook used in the majority of Decree 302 amendments.

Downstream implications

• Removes Pet.Rus Plastic Holdings Ltd's operational control of JSC

PETRUS, whose flagship Noginsk (Moscow region) plant produces PET preforms, polymer caps and BOPET film — inputs used across Russia's beverage-bottling and food-packaging supply chain.

• Hands administration to SafPet Aktiv LLC, a Tatneft-controlled entity

already operating in the same PET-packaging niche, giving Tatneft a direct operational foothold in downstream PET/BOPET packaging alongside its upstream petrochemical (PTA/PET feedstock) business — consistent with the "vertical integration via seized assets" pattern also seen in other Decree 302 company-specific amendments.

• Extends the same two-stage risk pattern flagged in prior Decree 302

filings (e.g. 2025-10-06-russia-decree-710-silgan-vonorus-temporary-administration): temporary administration typically precedes potential fast-track disposal to a state-directed buyer under Decree No. 693 of 30 September 2025 (2025-09-30-russia-decree-693-federal-property-fast-track-sale).

Open questions

• Whether PETRUS's output is redirected to specific in-country

beverage/FMCG bottlers under SafPet Aktiv/Tatneft, and whether Pet.Rus Plastic Holdings Ltd recorded an impairment on the Russian unit.

• Whether the underlying criminal case against Kolomoisky reaches a

verdict that converts the "temporary" arrest/administration into a permanent confiscation or fast-track sale under Decree 693.