RT by @mikenov: RT by @mikenov: 🇷🇺 Putin has just seized control of Nestlé and Auchan’s Russian businesses. Their local assets have been handed to L.E.V. Menedzhment, a little-known company registered in Moscow in 2024. Russia has used the same “temporary administration” mechanism since 2023 to take control of assets belonging to companies from countries it considers unfriendly, including Danone and Carlsberg. Nestlé had already scaled back its Russian business after 2022, while Auchan stayed and built up a network of around 230 stores. For Western companies that stayed in Russia, the line between operating there and losing control of the operation keeps getting thinner. Source: Bloomberg

🇷🇺 Putin has just seized control of Nestlé and Auchan’s Russian businesses.

Their local assets have been handed to L.E.V. Menedzhment, a little-known company registered in Moscow in 2024.

Russia has used the same “temporary administration” mechanism since 2023 to take control of assets belonging to companies from countries it considers unfriendly, including Danone and Carlsberg.

Nestlé had already scaled back its Russian business after 2022, while Auchan stayed and built up a network of around 230 stores.

For Western companies that stayed in Russia, the line between operating there and losing control of the operation keeps getting thinner.

Source: Bloomberg / Writer: Julie

— @MarioNawfal Sep 18, 2026