business
What we know about Russia's move to take control of Nestle, Auchan assets
Swiss food giant Nestle and French retailer Auchan are scrambling to respond after Russian President Vladimir Putin placed their local businesses under temporary administration, a move that could pave the way for the assets to be seized.
The decision is Russia's latest effort to tighten control over foreign-owned companies since the start of the Ukraine war in 2022.
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According to a 2025 estimate by Moscow law firm NSP, the Russian state has seized more than $50 billion... [2943 chars]
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