Danish thermal insulation manufacturer ROCKWOOL has officially announced that it has lost control of all its Russian assets, including four factories. The company explicitly points to the forced seizure of property by the Russian authorities.
According to a statement by ROCKWOOL published on January 13, 2026, on December 31, 2025, the President of Russia signed the relevant decrees, as a result of which 100% of the shares of Rockwool LLC and 68% of Rockwool-Volga LLC were transferred to the Russian structure — AO Razvitie Stroitelnykh Aktivov (RSA).
The company emphasized: “Based on these events, ROCKWOOL confirms the loss of control over four factories. In this regard, all four legal entities will be excluded from consolidation, and their net value (equivalent to equity) will be written off. The total amount of equity as of December 31, 2025, was €469 million.”
ROCKWOOL has announced that it intends to seek support from the Danish government and the European Union authorities. The company considers this to be a complete loss of control over its long-term investments in Russia.
This case is the latest in a series of forced seizures of Western companies’ assets in Russia. Previously, companies such as Denmark’s Carlsberg, France’s Danone, Germany’s Uniper, Finland’s Fortum, and a number of other foreign companies were transferred to external management or effectively nationalized in a similar manner.
Experts note a sharp acceleration in the process of redistributing property in favor of Russian structures in 2025 — according to various estimates, the total value of assets seized in recent years has already exceeded ~$43–50 billion.