Russia seizes assets of Nestlé and French firms
Russian authorities seized the assets of the French company Nestlé, as well as the French companies Auchan and Loreal Meryllan, along with the branch of F.M. Logistics, under a presidential decree from President Vladimir Putin in response to sanctions imposed on Moscow following the Ukraine war. Operations have been transferred to a new company called "L.E.V Management," established in late 2025 and led by a former Russian military official, although this has had a minimal impact on Nestlé's sales, accounting for less than 1% of the group's total revenue. This measure is part of Moscow's efforts to counter Western trade restrictions, after most Western companies sold or isolated their operations in Russia at the onset of the war. Nestlé announced that it is assessing the situation and protecting its rights, while continuing to supply essential food products.
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