Overview
- A presidential decree signed on Thursday, Sept. 17 placed Nestlé Russia and Nestlé Kuban under temporary management by the Russian firm L.E.V. Management.
- Nestlé said it is reviewing options to protect its rights and to keep operations running in the interests of employees while it assesses the decree.
- The company runs six factories in Russia, including a large instant‑coffee plant in Timashevsk, employs about 7,000 people there, and reported roughly 2 billion Swiss francs in Russian sales in 2021.
- Analysts and precedents show Moscow has used a 2023 law to move foreign assets into temporary management before forcing sales or transfers to Kremlin‑linked buyers, and experts warn any compensation may not cover losses.
- Reporting said a local firm, KS Logistika, asked for Nestlé assets to be put under administration, and the next steps to watch are legal challenges by Nestlé, actions by L.E.V. Management, and the effect on workers and supplies of essential foods in Russia.