Russian President Vladimir Putin has made inadequate drone defenses and slow repairs grounds for putting private assets under state management. His 24 August security decree opens a new way to government control over Russia’s economy.

It expands a mechanism Russia has used against foreign-owned businesses since 2023, according to research by Nektorov, Saveliev and Partners (NSP), a Russian law firm that tracks state takeovers.

A business need not lose a facility before the measure can apply. Decree No. 604 allows action over late security measures, safety violations, conduct that endangers normal operations, ineffective counter-drone steps, or delayed restoration.

The text does not specify what counts as “ineffective” drone protection or how quickly a facility must be restored. Covered sectors include energy, industry, communications, utilities, transport, logistics, and life-support infrastructure, plus any sites deemed important to Russia’s security or economic stability.

Foreign controllers are also covered, including foreign organizations and citizens controlling Russian companies. Temporary management can reach all or part of an entity’s Russian property, securities, stakes in Russian companies, and other property rights—the rule is not limited to the damaged or vulnerable facility alone.

“Temporary” control has no deadline

At the same time, the text mentions no automatic return deadline. Putin must instruct the government to begin temporary management and then end it. By default, the Federal Property Management Agency assumes the owner’s powers, except for the right to dispose of the assets. The assets’ costs will be covered from its income.

Interfax published Denis Manturov’s remarks. The first deputy prime minister said the measure would be used selectively for specific security tasks and would leave formal ownership unchanged.

Komsomolskaya Pravda’s Alexander Kots raised a practical problem: Russian law, he wrote, gives businesses no instructions for defending sites against drones or cruise missiles, while barriers require extensive approvals, and private guards cannot easily be given weapons more powerful than shotguns.

The decree followed weeks of Ukrainian attacks on Russian refineries, ports, and warehouses. Ozon reported six disruptions at its facilities after 22 August. The listed retailer’s shares fell as much as 29.09% from Friday’s close on Monday, after five weeks of strikes on privately held Wildberries.

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Refining hit two-decade lows as strikes forced Russia to import gasoline, while a sixth Ust-Luga attack since March struck the country’s largest Baltic port.

NSP’s nationalization study records more than 100 cases since 2022 and about 6.5 trillion rubles (about $78 billion) in seized assets. It says cases averaged one court hearing and roughly two months.

The NSP temporary-management table lists several foreign-owned businesses placed under “temporary” management from 2023 whose owners still lack access because the arrangements remain indefinite.

On 12 August 2026, Ukraine targeted Russia's main Black Sea naval base and oil terminal at Novorossiysk overnight. Fires broke out at the port's oil and fleet facilities, two of Russia's largest grain terminals stopped work, and debris damaged homes across the city, according to Ukrainian monitoring channels and local Russian authorities. Ukrainian President Volodymyr Zelenskyy confirmed the operation hours later.

Kyiv calls it a "unique operation" on the fleet's last big base

Zelenskyy said Ukraine's Defense Forces hit the Novorossiysk naval base overnight on 12 August. The port city is situated more than 350 kilometers from the front line on Russia's eastern Black Sea coast. The Ukrainian president described the assault as a unique operation against the last main outpost of Russia's Black Sea Fleet.

"Our Palianytsia jet drones, Neptune missiles, and naval uncrewed systems precisely struck the designated targets," he said, adding that hits were confirmed on air-defense positions, piers, and seaport infrastructure.

Fires at the Sheskharis oil terminal and the naval harbor

Ukrainian drones hit the oil terminal and the naval base, the Ukrainian defense outlet Militarnyi reported. Its analysis of NASA satellite fire data placed blazes at the Sheskharis complex, where crude loads onto tankers, and near the naval base and fuel-storage tanks.

Sheskharis is the endpoint of Transneft's main pipelines and a key export point for Russian crude on the Black Sea. Novorossiysk ships 600,000 to 700,000 barrels of oil a day.

The Ukrainian monitoring channel Krymsky Veter said fires broke out near the Sheskharis pier and the military harbor where Black Sea Fleet ships and submarines dock. Russia moved vessels to Novorossiysk after Ukrainian strikes pushed the fleet out of occupied Crimea.

Two grain terminals stop at the world's top wheat exporter

Novorossiysk's two largest grain-handling terminals halted work after the strikes, Reuters reported, citing four industry sources. The world's top wheat seller, Russia sends most of its exports out through Black Sea ports.

The Novorossiysk grain terminal, which can move 8.5 million tons a year, halted work as owner Demetra Holding assessed the damage. NKHP, a terminal handling 7.1 million tons a year, also stopped, its main owner OZK said, adding that no one was hurt. The Ukrainian monitoring Telegram channel Exilenova+ described NKHP, Russia's largest deepwater grain terminal, as one of the sites hit.

The strikes extend Ukraine's effort to deny Russia the grain and oil revenue that funds the war, a mirror of Russia's own summer campaign against Ukraine's ports: as Moscow strikes Odesa's terminals to choke Ukrainian exports, Kyiv works to shut Russia's own.

Russia says its own drone debris damaged homes and killed two

Krasnodar Krai Governor Veniamin Kondratyev claimed several hundred drones attacked the region overnight and that falling debris struck 21 residential buildings and four enterprises in Novorossiysk. He claimed two people were killed, including an eight-year-old child, and 13 wounded across the krai, with about 90 residents moved to temporary shelters.

Novorossiysk Mayor Andrei Kravchenko claimed debris hit six residential buildings, a commercial building, and a construction site, and that there were casualties.

The Russian news Telegram channel Astra reported that a café burned on Sukhumskoye Shosse, across the road from the entrance to the Novorossiysk naval base. Astra also found that a strike damaged School No. 15 near the fleet's ship berths.

Part of a widening summer campaign

The strike fits a broader Ukrainian effort this summer to carry the war onto Russian soil and drain the Kremlin's ability to fight. A day earlier, Ukrainian drones set a Wildberries logistics complex ablaze near Voronezh and hit an oil refinery in Orsk. Overnight on 10 August, drones struck a petrochemical plant in Tobolsk and a refinery in Tatarstan.