Russia seizes assets of Nestlé and French firms over West’s Ukraine support
Russian authorities have seized the businesses and assets of Swiss food giant Nestlé and three French groups, a move the Kremlin defended Friday as a justified measure against firms representing “unfriendly countries” that back Ukraine.
A decree signed by President Vladimir Putin transferred the Russian operations of Nestlé, French retailer Auchan and the former Leroy Merlin DIY chain, now known as Lemana Pro, to a company called LEV Management.
New management company takes control The decree, issued late Thursday, also covers the Russian subsidiaries of French logistics group FM Logistic.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
