Russia Takes Over Nestlé and French Firms

Russian authorities have seized the assets and operations of Swiss company Nestlé and three French companies as part of their measures against firms they consider unfriendly and that support Ukraine. President Vladimir Putin issued a decree transferring the operations of these companies in Russia to a new company called "LEEV Management," which was established in late 2025 and is led by a general from the Russian Ministry of Interior, with no prior commercial activity. These actions are part of Russia's response to Western sanctions related to its ongoing five-year war against Ukraine.

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