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Putin places Russian subsidiaries of Nestlé and Auchan under state-linked management

A Kremlin decree transfers the activities of Nestlé, Auchan and two other French groups to a subsidiary of the Russian government.

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What is happening

According to la Repubblica, the decree concerns companies described as representing “hostile countries” and places their Russian activities under the management of a government-controlled subsidiary.

Why is it on the Radar?

The decree changes who manages the Russian activities of the four foreign groups, including Nestlé and Auchan.

Sources and timeline