Putin Orders Seizure of Nestle and Auchan's Russian Assets

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Russian President Vladimir Putin signed an order late Thursday placing the local assets of Nestle and Auchan under temporary state control. The Kremlin described the measure as temporary, with oversight transferred to another company. Both Nestle, the Swiss food giant, and Auchan, the French retail chain, are among the Western multinationals with significant operations in Russia. The move appears to be part of Russia's broader response to Western business activity amid ongoing geopolitical tensions.

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