Russia Seizes Nestlé and French Firms' Russian Assets Under Kremlin Decree
TL;DR
President Vladimir Putin signed a decree transferring the Russian assets of Nestlé and three French groups—Auchan, Leroy Merlin (now Lemana Pro), and FM Logistic’s Russian subsidiaries—into LEV Management, a Kremlin-linked firm created in late 2025. The move, part of Moscow’s tightening control over Western businesses despite sanctions, leaves Nestlé to assess options though Russia accounts for a small share of its sales. The seizure mirrors the 2023 Danone takeover in Russia and follows Western companies’ exits or isolations from the market.
- Russia seizes assets of Swiss food giant Nestle and three French firms France 24
- Kremlin seizes Nestlé’s assets in Russia as crackdown on private business grows CNN
- Putin targets Nestle's Russian business as Kremlin tightens grip on Western assets CNBC
- Russia says Nestle, Auchan asset seizures are payback for hostile actions by Europe Reuters
- Switzerland Criticizes Russia’s Nestle Seizure, Seeks Reversal Bloomberg.com
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Read on France 24