Politics
Russia puts Nestle and French firms' Russian assets under state control
September 18, 2026 at 12:57 PM
Coverage
3 reports · 2 in Arabic, 1 in English · over 7 hours
AJAl Jazeera English
Russia seizes assets of French firms, summons UK envoy over Ukraine support
(opens the publisher’s site)
AJAl Jazeera Arabic
بوتين يصادر أصول "نستله" وشركات فرنسية في روسيا
(opens the publisher’s site)SNSky News Arabia
نستله ترد على قرار وضع أعمالها في روسيا تحت سيطرة السلطات
(opens the publisher’s site)Russia has placed the remaining Russian operations of Swiss food giant Nestle and three French groups under temporary state administration.
- Putin signed a decree transferring the Russian operations of Nestle, Auchan, the former Leroy Merlin chain now called Lemana Pro, and FM Logistic to the company LEV Management.
- Kremlin spokesman Dmitry Peskov said the assets belong to companies from "unfriendly" countries and that the measure is temporary, with no further decisions planned.
- Nestle said it is assessing the situation and pledged to take all steps to protect its rights and ensure business continuity for the benefit of its employees.
- Nestle shares fell 1.2% at the start of Friday trading.