Putin puts Nestle, Auchan Russian assets under temporary administration (updated)

Nestle SA

17/09/2026 21:16

Adds newspaper report prior to decision, paragraphs 3-10
MOSCOW, Sept 17 (Reuters) - Russian President Vladimir Putin has ordered the Russian assets of Swiss food group Nestle NESN.S and French supermarket group Auchan to be placed under temporary administration, according to a presidential decree published on Thursday.
The decree shows Nestle's and Auchan's Russian assets have been transferred to the temporary management of L.E.V. Management. 
Earlier, the Kommersant newspaper reported that a company known as KS Logistika had asked Putin to place Nestle's assets under temporary administration.
Kommersant, quoting a source familiar with the matter, reported that the request covered five Nestle-owned entities in Russia and could, in theory, result in a change of ownership.
Nestle told Reuters it had not been contacted by Russian authorities about the request. The company said it continued to operate its offices and factories in Russia while complying with all regulatory requirements.
KS Logistika reported revenue of 1.6 million roubles ($18,735) in 2025 and is believed to represent third-party interests, the newspaper reported, without elaborating.
Reuters has not been able to independently verify this information.
Russia has tightened control over foreign-owned assets since the start of the war in Ukraine in 2022. Under a decree signed by Putin in 2023, Moscow has the power to place assets from countries it deems "unfriendly" under temporary administration.
The mechanism has previously been used to take control of the Russian subsidiaries of companies including Danone and Carlsberg. Nestle has continued operating in Russia, arguing that as a food producer, it supplies essential goods.
According to Kommersant's source, the request stems from Nestle's decision not to expand production capacity in Russia and to halt exports of products made at its Russian factories.
($1 = 85.4000 roubles)

(Reporting by Anton Kolodyazhnyy; Editing by Joe Bavier, Rod Nickel and Ron Popeski)
((moscow.newsroom@thomsonreuters.com;))