Putin's favorites are already speaking on Nestle's behalf: The Swiss company faces the Danone scenario in Russia
Due to the forced administration ordered by Vladimir Putin, Nestlé has lost control over its Russian subsidiary. Now, the federal government is supposed to help prevent the worst in Moscow.
Nestlé has lost control of its Russian subsidiary due to a forced administration ordered by President Vladimir Putin. The company is exploring options and is being supported by the Swiss government, with the State Secretariat for Economic Affairs and the Foreign Affairs Department in contact with Nestlé to help the company defend its rights.
Experts say Nestlé could try to fight the forced administration in a Russian or international court, or leave the Russian market, and should document any losses caused by the Russian government's actions. The development is similar to the case of Danone, which had its Russian business placed under forced administration in 2023 and later sold to new Russian owners for around 180 million euros.
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.
