Nestlé reacts to Russia operation takeover
Nestlé has announced that it is considering all options to protect its rights following a decree from the Kremlin demanding control over its operations in Russia. This decree, issued late this week, resulted in placing its non-friendly owned assets under temporary management. Nestlé owns six factories there and employs around seven thousand staff. In 2021, the company recorded sales of approximately two billion Swiss francs. The company affirms its commitment to ensuring business continuity, as tensions escalate between international companies and Moscow due to the measures imposed by the Russian government on foreign assets since the start of the war in Ukraine. Nestlé's stock declined by 1.2% at the start of trading.
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