Russian firm asks Kremlin to place Nestlé assets under temporary management

RussiaSwitzerland

First seen: Aug 18, 2026, 10:47 PM UTCUpdated: Aug 19, 2026, 6:02 PM UTC

WHAT HAPPENED

A Russian firm has asked President Vladimir Putin or the Kremlin to place Nestlé units in Russia under temporary administration. The headlines do not indicate whether the request has been approved or implemented.

SO WHAT?

If enacted, the measure could affect a major multinational company's assets and further increase business and economic tensions between Russia and foreign firms.

FOR ME