Le Pen Slams Putin's Seizure of Nestle, Auchan Assets in Russia
- President Vladimir Putin ordered Nestlé’s Russian assets and subsidiaries placed under temporary management by Moscow-based L.E.V. Management, while Nestlé remains the legal owner.
- Nestlé operates six Russian factories and employs about 7,000 people, despite reducing its activities after Russia’s 2022 invasion of Ukraine.
- Nestlé said it was assessing the situation and would take necessary steps to protect its rights and maintain business operations, especially for employees.
- The decree also targeted assets linked to Auchan and Leroy Merlin.
376 Articles
376 Articles
The Kremlin has placed the assets of Nestlé and French retail chain Auchan under state supervision in Russia, another stop in a broader wave of nationalization. The assets of both companies are owned by a Russian domestic company, L.E.V. Management was placed under temporary control by a presidential decree, CNN reported.
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The leader of the far-right French National Rally and Marine Le Pen, the party's presidential candidate, sharply criticized the Russian president.
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