Le Pen Slams Putin's Seizure of Nestle, Auchan Assets in Russia
- President Vladimir Putin ordered the Russian operations of Nestle, Auchan, Lemana Pro, and FM Logistic placed under temporary management by LEV Management.
- The decree concerns assets from countries Russia considers “unfriendly,” and Kremlin spokesman Dmitry Peskov said no further decisions had been made.
- Nestle said it was assessing the decision and would take steps to protect its rights and maintain operations, especially for employees.
- Auchan said it had requested clarification from Russian authorities.
376 Articles
376 Articles
The Kremlin has placed the assets of Nestlé and French retail chain Auchan under state supervision in Russia, another stop in a broader wave of nationalization. The assets of both companies are owned by a Russian domestic company, L.E.V. Management was placed under temporary control by a presidential decree, CNN reported.
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