Russia has set a price tag of 15.7 billion roubles ($206 million) for the sale of the gas assets of Wintershall Dea and OMV to Russian entities, a government order published late on Thursday showed.

President Vladimir Putin ordered that Wintershall Dea and OMV be stripped of multi-billion-dollar stakes in gas extraction projects in Russia's north in December 2023, after an exodus of Western companies prompted by the war in Ukraine.

Putin's decree formalized a loss of control over the assets that the two companies have flagged since January 2023, in the Kremlin's biggest seizure of foreign assets in Russia.

Thursday's government order said two Russian companies named as SOGAZ, an insurer, and newly created Gazovyye Tekhnologii will acquire stakes held by OMV and Wintershall Dea in the Yuzhno-Russkoye field and the Achimov projects.