Nestle reviewing options after Russia business seized by Putin

Nestlé faces complete loss of its Russian operations as the Kremlin seizes local assets through a presidential decree.

Nestlé is evaluating its strategic options following a presidential decree by Vladimir Putin that places its Russian assets under state control. The move also targets the operations of the French supermarket chain Auchan in an ongoing crackdown on foreign-owned businesses. International companies operating within the region continue to face escalating risks of state expropriation.

• Vladimir Putin issued a formal presidential decree to execute the asset seizure.
• The French supermarket chain Auchan was targeted alongside Nestlé in the government action.
• Nestlé is currently reviewing its operational alternatives in response to the takeover.

In this story

Covered by 4 outlets

• The New York TimesKremlin Moves to Seize Control of Nestlé’s Russia Operations1w ago · open ↗
• Financial TimesRussia seizes control of Nestlé and Auchan operations1w ago · open ↗
• The Moscow TimesKremlin Seizes Nestlé and Auchan Assets in Latest Business Crackdown1w ago · open ↗
• The IndependentNestle reviewing options after Russia business seized by Putin1w ago · open ↗

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