From Malay Mail · · 1m
Russia Seizes Nestle and French Firms Assets
Russia takes control of Nestle and French companies' Russian operations over Ukraine support.
In brief
Russia takes control of Nestle and French companies' Russian operations over Ukraine support. Russia seized Nestle and three French firms' Russian assets as retaliation for their support of Ukraine. Originally reported by Malay Mail.
Russia seizes assets
Russia seized Nestle and three French firms' Russian operations.
Kremlin defends action
Kremlin called it a justified move against countries supporting Ukraine.
Assets transferred
Russian operations moved to LEV Management, a new state-owned firm.
France condemns move
France urged Russia to reverse the seizure of assets.
LEV Management details
LEV Management created in late 2025, led by a russian interior minister official.
Nestle response
Nestle says it will protect its interests and assess options.
Nestle operations
Nestle employs 7,000 people in Russia for food and infant products.
Financial impact
Nestle's Russia business could cost one billion francs if seized.
The takeaway
Russia seized Nestle and three French firms' Russian assets as retaliation for their support of Ukraine.
