Key facts
- Russian President Vladimir Putin signed a decree on September 17, 2026, to confiscate assets of international companies.
- Nestle and Auchan had their Russian assets placed under temporary management.
- Other companies affected include Bati Logistics, FM Logistics, and Le Monlid LLC.
- The assets were placed under the temporary management of Russian joint-stock company L.E.V. Management.
- Nestle suspended several key brands, stopped advertising, and halted capital investment in Russia.
- Auchan put its Russian subsidiary under local management in 2023.
Russian President Vladimir Putin signed a decree on September 17, 2026, placing the Russian assets of several international companies, including Nestle and Auchan, under temporary management. The move affects Bati Logistics, FM Logistics, and Le Monlid LLC as well, with their assets also managed by the Russian joint-stock company L.E.V. Management.