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@kahawatungu Fri, 18 Sep 2026 22:00:39

Kremlin seizes Nestlé's assets in Russia as crackdown on private business grows

The Kremlin has moved to seize the Russian assets of Nestlé and French retailer Auchan amid a broader nationalization drive that has seen a surge in government takeovers of private companies. Auchan and Nestlé are "European companies from unfriendly countries… currently actively involved in hostilities against us," Kremlin spokesperson Dmitry Peskov told reporters Friday, a [...] The post Kremlin seizes Nestlé's assets in Russia as crackdown on private business grows appeared first on Kahawatungu.

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