Russia seizes assets of Nestlé and three French firms, Putin decree transfers them to LEV Management
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President Vladimir Putin signed a decree transferring the Russian operations of Swiss food giant Nestlé, French retailer Auchan, the former Leroy Merlin DIY chain (now Lemana Pro) and French logistics group FM Logistic to a company called LEV Management. Novaya Gazeta Europe reported LEV Management was created only at the end of 2025 and is headed by a Russian interior ministry general, with no known business activity. The seizures are the latest move against Western firms remaining in Russia since Moscow's invasion of Ukraine; Russia now requires presidential authorisation for companies to leave.
Continue in the app — vote & join in ➔Source: France 24 (EN) · via ahirlevel.hu