“A warning to companies that remain”: Russia takes control of Nestlé and Auchan’s assets – companies that stayed in Russia following the full-scale invasion of Ukraine
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Russia has placed the Russian assets of French retailer Auchan, Swiss food giant Nestlé, and the former Leroy Merlin chain under temporary management, stripping the companies of effective control over their businesses in the country.
Foreign companies have long been urged to leave Russia because their continued operations generate revenue for a state waging war against Ukraine. They also face growing risks of asset s
Russia has placed the Russian assets of French retailer Auchan, Swiss food giant Nestlé, and the former Leroy Merlin chain under temporary management, stripping the companies of effective control over their businesses in the country.
Foreign companies have long been urged to leave Russia because their continued operations generate revenue for a state waging war against Ukraine. They also face growing risks of asset s
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