Kremlin Seizes Nestlé and Auchan’s Russian Units
TL;DR Summary
Russia’s Kremlin has ordered the seizure of Nestlé and Auchan’s Russian operations, transferring their assets to the state in a move underscoring heightened government control of foreign businesses under President Vladimir Putin and potentially impacting supply chains and consumers.
- Kremlin orders Russia businesses of Nestle, Auchan seized AP News
- 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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