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Russia seizes assets of four firms from Switzerland and France
Russian authorities have confiscated the assets and operations of four companies from Switzerland and France due to their support for Ukraine, as part of measures targeting companies deemed "unfriendly" by Moscow. The confiscations included operations of the Swiss company "Nestlé," the French group "Oshans," the construction company "Limana Pro," as well as branches of the French logistics services firm "F.M. Logistics," which was transformed into a Russian company called "LEV Management." This comes in the context of Moscow's escalation against Western companies since the outbreak of the war in Ukraine, with potential losses for Nestlé's operations in Russia estimated at around 1 billion Swiss francs. Some analyses suggest these assets may either be sold or permanently confiscated. "Oshans" is among the leading retail companies in Russia, operating 241 stores.
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