Russia seizes control of Nestlé’s local operations, WSJ reports
Nestlé said it was assessing its options for its Russian unit after Russia seized control of its local operations, following another round of pressure on Western companies since the Ukraine war.
Russia has unexpectedly seized Nestlé’s operations in the country, adding to pressure on Western companies four years after the start of the Ukraine war. Nestlé said Friday it was assessing options for its Russian unit, a day after the Kremlin placed the assets under state control.