Business
Putin targets Nestle's Russian business as Kremlin tightens grip on Western assets
Nestlé is assessing its options after Russia placed the Swiss food giant’s local assets under temporary external administration.
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Nestle
Politics
Russia seizes assets of Swiss food giant Nestle and three French firms
Russian President Vladimir Putin signed a decree on Thursday to transfer assets of Swiss food giant Nestle and three French groups to a company called LEV Management. Most Western companies quickly sold their Russian operations and holdings after Moscow launched its full-scale invasion of Ukraine, and the Kremlin has since made it difficult for firms to leave the country.