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Russia Places Nestlé, Metro, Auchan Assets Under Temporary Management

By Drooid · Sep 29, 2026, 6:19 PM UTC · How we work

Summary

Story summary

Russia placed Nestlé, Metro AG and Auchan assets under temporary management, joining 135 firms seized since the war began.
The Kremlin said the seizures respond to the EU’s direct involvement in the Ukraine war.
A senior government source said the measures aim to intimidate EU banks such as UniCredit and Raiffeisen.
Kremlin spokesman Dmitry Peskov said Russia sees no reason to reverse the moves and hears no EU dialogue.

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Story summary

Russia placed Nestlé, Metro AG and Auchan assets under temporary management, joining 135 firms seized since the war began.
The Kremlin said the seizures respond to the EU’s direct involvement in the Ukraine war.
A senior government source said the measures aim to intimidate EU banks such as UniCredit and Raiffeisen.
Kremlin spokesman Dmitry Peskov said Russia sees no reason to reverse the moves and hears no EU dialogue.