Putin places Nestlé, Auchan Russian units under temporary state administration

Russian President Putin has ordered the temporary state administration of the Russian subsidiaries of Nestlé (Switzerland) and Auchan (France), and the former Leroy Merlin network (France). This action, confirmed by multiple sources, expands Russia's pattern of asset seizures against foreign firms, signaling heightened economic retaliation and increased expropriation risk for remaining Western businesses. A claim suggests these assets, along with FM Logistic, have been transferred to a company linked to a high-ranking MVD official.