Nestlé commits to continue in Russia despite asset seizure

Nestlé, the Swiss company, has committed to continuing its business operations in Russia despite the Kremlin's decision to transfer control of its assets to a temporary management authority, according to an official statement. The company confirmed that transferring assets to the temporary management does not constitute nationalization or a change in ownership, and that it will continue to fulfill its commitments to customers and employees. It is worth noting that Nestlé’s Russian assets, along with those of the French company Auchan, were transferred under a presidential decree to an unknown temporary management company, amidst warnings that this move could reflect steps toward expropriation by the state.

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