Russia Expands Temporary Administration Over Western Brands
Russia widened its asset-seizure campaign by placing Nestlé, Auchan, Lemana Pro and FM Logistic under temporary administration and transferring them to LEV Management, a Kremlin-linked firm, signaling a possible move from temporary control to permanent expropriation. The action is part of a broader fortress-economy push that has driven thousands of foreign firms to exit Russia, fraying investor confidence and raising the risk of long, potential international arbitration battles; Nestlé could face about a 1 billion Swiss franc write-off, illustrating the high cost of doing business under Kremlin asset-control policies.
