The Kremlin confiscates assets of Nestlé and three French groups in response to West sanctions
Moscow transferred to a Russian company the operations of Nestlé, Auchan, Lemana Pro and FM Logistic subsidiaries, to a extent that the Kremlin presents as a response to the Western sanctions for the war that Vladimir Putin launched against Ukraine. The decision concerns companies from countries that Russia considers "unfriendly" and raises pressure on Western companies that still maintain business on Russian territory.
