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September 18, 2026
Kremlin Seizes Control of Nestle and Auchan Businesses in Russia
- Russian President Vladimir Putin ordered the temporary administration of Nestle and Auchan's Russian assets.
- This action is part of a broader Kremlin strategy to take control of Western businesses in Russia.
- Kremlin officials cited the companies' involvement in hostilities against Russia as a reason for the seizure.
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2 Sources
- What we know about Russia's move to take control of Nestle, Auchan assetsSep 18, 2026 at 10:46 AM · Reuters
- Kremlin orders seizure of multinational businesses Nestle and AuchanSep 18, 2026 at 1:29 PM · AP