Nestlé reacts to Russian control move

Nestlé is considering all options to protect its rights following the Kremlin's decision to take control of its operations in Russia, where it owns six factories and employs around seven thousand staff. In 2021, the company's sales amounted to approximately two billion Swiss francs. This comes amid increasing Russian scrutiny of foreign assets since the start of the war in Ukraine, with the company reaffirming its commitment to taking necessary measures to ensure the continuity of its operations and protect its employees. The company's stock price declined by 1.2% at the start of trading.

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