Kremlin Seizes Russian Assets Of Nestle And Auchan
· World · NDTV, AP News, Reuters
Russian President Vladimir Putin issued an order late Thursday placing the local assets of multinationals Nestle and Auchan under temporary state control. The measures were enacted through another company designated by the Kremlin to manage the operations. The action marks another major move by Moscow targeting Western corporate presence amid ongoing international sanctions. The exact long-term implications for the affected companies remain unconfirmed.
Why it matters
Major Western consumer brands face mounting operational risks and state expropriation in Russia as diplomatic tensions persist.
Read the original report — NDTV
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