Did Russia place Nestlé’s Russian assets under temporary administration in September 2026?
Yes. On September 17–18, 2026, Russian President Vladimir Putin signed a decree placing Nestlé’s Russian businesses under temporary administration by L.E.V. Management. The same order also covered French retailer Auchan, DIY chain Lemana Pro (formerly Leroy Merlin), and logistics firm FM Logistic. Under Russia’s temporary-administration rules, ownership is not formally transferred at once, but a … Read more