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Kremlin Moves to Seize Control of Nestlé’s Russia Operations

Business 1 source 1 country 🔦 Under-reported 15m ago

The Kremlin has issued a presidential decree moving to seize control of Nestlé's operations in Russia. The action targets the major Swiss food and beverage manufacturer, best known for consumer brands such as KitKat and Nescafé.

In response to the decree, representatives for Nestlé stated that the company is currently assessing the situation regarding the abrupt move by Russian authorities against its local business assets.

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