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Putin confiscates Nestle, Auchan assets in Russia

Russian President Vladimir Putin on Sept. 17 signed a decree confiscating the assets of several international companies, including Nestle and Auchan. Other companies include Bati Logistics, FM Logistics, and Le Monlid LLC, which, alongside Nestle and Auchan, had their assets put under the temporary management of Russian joint-stock company L.E.V. Management, according to Russian media. The well-known Nestle and Auchan did not leave the Russian market after Russia began its full-scale invasion

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The Kyiv Independent delivers reliable news, context, and on-the-ground reporting from Ukraine. The largest country located entirely in Europe, Ukrainian territory covers 603,628 square kilometers (233,062 square miles), and is bordered by seven countries, namely Russia, Belarus, Poland, Slovakia, Hungary, Romania, and Moldova. Ukraine traces its history back to the medieval state of Kyivan Rus.

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