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Kremlin orders businesses seized

Europe 2 sources 2 countries 🔦 Under-reported 17m ago

The Kremlin has ordered the Russian businesses of Swiss-based food and beverage company Nestle and French retailer Auchan to be placed under temporary administration.

The procedure, enacted in Frankfurt, Germany, has previously resulted in the forced sale of Western businesses to Russian owners at heavily discounted, knockdown prices.

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Read the full story at the source WTOP News - Washington DC (Washington DC, US) · US
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