Nestle Removes Russian Assets From Accounts Following State Takeover

Nestlé writes off 1.5 billion pounds of Russian assets after the Kremlin takes control of its local business.

Nestlé has removed 1.5 billion pounds of Russian assets from its balance sheet after a presidential decree placed the business under state control. The Swiss food giant stated that the accounting adjustment will have a limited effect on its underlying financial results for the year.

• The financial impactThe company reported that the write-off will cause a limited financial effect on its underlying results for 2026.
• The asset valueThe food manufacturer removed 1.5 billion pounds in net assets from its financial accounts following the presidential decree.