The Aporia
Russian authorities seized the businesses and assets of Nestle and three French companies on September 17 as part of a decree signed by President Vladimir Putin. This move is part of Russia's broader strategy to take control of foreign corporate assets owned by firms deemed "unfriendly," targeting those that support Ukraine. Nestle, which has operated in Russia since 1995 but reduced its presence due to the war with Ukraine, reported revenues of around 2 billion Swiss francs (£1.81 billion) from its Russian operations annually, representing about 2% of global sales. The Kremlin’s actions have intensified amid growing tensions between Europe and Russia over support for Ukraine, affecting companies like Carlsberg, Danone, and AB InBev previously.