In a move that echoes the great reversals of the twentieth century, Russia has placed the operations of Nestlé and Auchan under state control, invoking the language of sovereignty and hostility to justify what amounts to the largest peacetime seizure of private enterprise since the Soviet era. The decree, signed by President Putin and administered through a domestic management entity, affects some 37,000 workers and billions in annual commerce — not as an isolated act, but as part of a widening campaign that now reaches domestic firms and decades-old privatization agreements. What is unfolding
Kremlin seizes Nestlé, Auchan assets in sweeping nationalization drive
Approximately 37,000 employees across both companies face uncertain employment status under state control.