{"id":117476,"date":"2026-08-19T14:54:09","date_gmt":"2026-08-19T14:54:09","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/117476\/"},"modified":"2026-08-19T14:54:09","modified_gmt":"2026-08-19T14:54:09","slug":"russian-firm-asks-putin-to-place-nestle-assets-under-temporary-administration","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/117476\/","title":{"rendered":"Russian firm asks Putin to place Nestl\u00e9 assets under ‘temporary administration’"},"content":{"rendered":"

The move would see the Swiss food manufacturing giant\u2019s Russian operations placed under temporary administration, according to a report by Moscow-based newspaper Kommersant earlier this week.<\/p>\n

The request was submitted by an obscure, little-known company operating out of Rudnya, near Smolensk and the Belarusian border, named KS Logistika.<\/p>\n

Last year, the company reported revenue of 1.6 million roubles (\u00a313,817) and is said to be representing \u201cthird-party interests\u201d, according to Kommersant, one of Russia\u2019s \u2018big three\u2019 daily business newspapers.<\/p>\n

Citing a source familiar with the matter, the newspaper added that KS Logistika\u2019s request covers five Nestl\u00e9-owned entities operating in Russia and could theoretically result in a change of ownership.<\/p>\n

Since its invasion of Ukraine in 2022, Russia has tightened its grip on foreign-owned assets, and a decree passed by Putin in 2023 allows the government to place assets from so-called \u2018unfriendly\u2019 countries under temporary administration.<\/p>\n

The law has previously been used to take control of the Russian-based assets of French dairy firm Danone and Danish brewer Carlsberg.<\/p>\n

Like the vast majority of European nations, Switzerland is deemed \u2018unfriendly\u2019 by Russia after imposing sanctions following the start of the war in Ukraine.<\/p>\n

Also read \u2192 Why Nestl\u00e9\u2019s factory closure could be first of many<\/a><\/p>\n

Nestl\u00e9 has continued its operations in Russia despite the political fallout from the conflict, arguing it is providing essential goods to the Russian people as a food manufacturer.<\/p>\n

In a statement given to Food Manufacture, a Nestl\u00e9 spokesperson said: \u201cNestl\u00e9 has not been contacted by the Russian authorities regarding this matter.<\/p>\n

\u201cNestl\u00e9 continues to operate its offices and factories in Russia, and we meet regulatory requirements in the country.\u201d<\/p>\n

Kommersant\u2019s source said the request was prompted by Nestl\u00e9\u2019s decision not to expand its Russian production capacity and to halt exports of products made at its factories in Russia.<\/p>\n

Temporary administration would not necessarily equate to asset seizure, consultant Natalia Popravko told the paper, although some foreign businesses have seen their operations confiscated or sold to Russian investors.<\/p>\n

According to industry analyst Mikhail Burmistrov, the Swiss firm\u2019s Russian business could be worth between \u00a31.4 billion and \u00a31.54 billion, including around \u00a31 billion in assets and brands, and \u00a3390 million in undistributed profits.<\/p>\n

Nestl\u00e9 currently operates \u200csix facilities in Russia, in the Kaluga, Vologda, Samara, Vladimir, Perm and \u200bKrasnodar oblasts, producing coffee, confectionery, baby food and pet food.<\/p>\n","protected":false},"excerpt":{"rendered":"The move would see the Swiss food manufacturing giant\u2019s Russian operations placed under temporary administration, according to a…\n","protected":false},"author":2,"featured_media":117477,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[126],"tags":[1117,1118,1119,1120,1121,1122,1123,982,1124,1125,1126,1127,1128,1129,1130,1131,1132,272,1133,1134,199,1135,1136,1137,1138,1139,41,1140,74],"class_list":["post-117476","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nestle","tag-america","tag-american","tag-beverage","tag-bottled","tag-brand","tag-building","tag-cereals","tag-coffee","tag-company","tag-cookies","tag-corporate","tag-corporation","tag-dairy","tag-exterior","tag-facility","tag-headquarter","tag-illustrative-editorial","tag-international","tag-manufacturer","tag-multinational","tag-nestle","tag-nutrition","tag-pet","tag-product","tag-products","tag-signage","tag-swiss","tag-taste","tag-united-states"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117122751763615706","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/117476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=117476"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/117476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/117477"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=117476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=117476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=117476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}