Russia seizes assets of Nestlé and French firms Auchan and Leroy Merlin
- Posted on September 18, 2026
- By Le Monde
- 1 Views
- 1 min read
In brief
Vladimir Putin's latest presidential decree escalates economic retaliation against Western nations by confiscating remaining operations of major international corporations in Russia. The action targets Nestlé alongside French retail giants Auchan and Leroy Merlin, marking a significant intensification of Moscow's counter-sanctions strategy. This seizure reflects deepening geopolitical tensions stemming from the ongoing Ukraine conflict and Western economic measures against the Russian Federation.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Russia seizes assets of Nestlé and French firms Auchan and Leroy Merlin
A decree issued by Russian President Vladimir Putin on Thursday led authorities to seize the residual assets of three French firms, as well as Swiss food giant Nestlé, in the latest response to Western sanctions against Moscow over the Ukraine conflict.
