Russia orders Russian operations of Nestlé and French companies Auchan and Lemana Pro placed under temporary administration, according to multiple reports. The move follows a Kremlin decree issued in late Thursday that transfers local assets to a newly designated management structure.
Euronews reports the companies’ Russian units are placed under temporary administration, while Nestlé says it is assessing options. Auchan and Lemana Pro state their operations continue as normal. The Independent and the Financial Times describe the action as a crackdown on Western-owned assets, noting that similar procedures in the past have resulted in the sale of businesses at reduced prices.
Quartz and NDTV add that the decree assigns control through a transfer to a firm described as Kremlin-linked or newly created, identified in reports as LEV Management. The Citizen frames the decision in the context of Western support for Ukraine, reflecting the Kremlin’s stated rationale. Across outlets, details focus on the administrative control mechanism and the companies’ responses, with the extent of any immediate operational change described as limited by the affected firms.
