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Nestlé Russia placed under temporary external administration after decree

Nestlé said Russia’s presidential decree, published Thursday, places Nestlé Russia under temporary external administration, and the company is updating on its operations there.

NESR

Nestlé said it is updating its operations in Russia after a presidential decree published Thursday at 05:00 GMT. At 05:01 GMT, the company noted the decree and said at 05:02 GMT that it places Nestlé Russia under temporary external administration.