Putin Transfers Nestlé, Auchan Stakes to $177 Moscow Firm With One Employee
- Russia placed the local businesses of Swiss food giant Nestle and French supermarket chain Auchan under temporary administration on September 17, explicitly linking the move to European military support for Ukraine.
- Bloomberg reported the seizure on the same day, describing it as the largest takeover of foreign corporate assets inside Russia since at least 2024.
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- Russia placed the local businesses of Swiss food giant Nestle and French supermarket chain Auchan under temporary administration on September 17, explicitly linking the move to European military support for Ukraine.
- Bloomberg reported the seizure on the same day, describing it as the largest takeover of foreign corporate assets inside Russia since at least 2024.
- Your support keeps our team in the field.
Sources: United24media