Putin puts Nestle's Russian business under compulsory administration – Bern shows concern
The Kremlin is taking action against Western companies that have remained in Russia. Switzerland is considered one of the "unfriendly" countries. Nestlé faces expropriation.
Russia has put Nestle's Russian operations under compulsory administration, following a decree issued by President Vladimir Putin. The Swiss food company plans to take all necessary steps to protect its rights and maintain its business operations. The move is part of a broader crackdown on Western companies that have remained in Russia, with Auchan, FM Logistic, and Lemana Pro also affected.
The Russian authorities have appointed LEV Management, a little-known firm, to oversee the compulsory administration of Nestle's Russian operations.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
