In the fifth year of a war that has reshaped the boundaries of commerce and sovereignty alike, Russia has once again reached into the operations of Western corporations — this time seizing the Russian holdings of Nestle, Auchan, Leroy Merlin, and FM Logistic and placing them under a state entity with no business history. The decree, signed by President Putin, frames expropriation as retaliation, but it also reveals the deeper logic of economic warfare: that the assets of private enterprise can become instruments of geopolitical leverage. For the more than 40,000 workers whose livelihoods now h
Russia seizes Nestle, French firms' assets in retaliation for Ukraine support
Approximately 40,000+ employees of affected companies face uncertain employment status and operational disruption due to asset seizure.