Kremlin Expands Asset Seizures, Targeting Nestlé in Russia’s Private-Business Crackdown
TL;DR Summary
Russia’s government moved to seize Nestlé’s assets in Russia, placing them under state control as part of a broader nationalization push against private firms, with Auchan affected as well; Nestlé says it is evaluating options while promising to protect employees and maintain operations where possible.
- 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
- Kremlin Moves to Seize Control of Nestlé’s Russia Operations The New York Times
- Russia says Nestle, Auchan asset seizures are payback for hostile actions by Europe reuters.com
- Putin Signs Decree to Seize Control of Nestle Assets in Russia Bloomberg.com
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