Kremlin places Nestlé’s Russian operations under temporary external administration
A presidential decree says the Kremlin placed Nestlé’s Russian operations under temporary external administration, the latest step by Vladimir Putin to take control of foreign-owned businesses from “unfriendly” countries.
A presidential decree on Thursday said the Kremlin had placed Nestlé's Russian operations under temporary external administration, the latest move by Vladimir Putin to take control of foreign-owned businesses from countries deemed "unfriendly" to Moscow. Nestlé said it has "taken note" of the measure.