On September 17, 2026, Russia placed the Russian assets of under , according to a published on the country's official legal portal.
said it is assessing the situation and is committed to protecting its rights and keeping operations running for its employees. Its shares fell 2.2% on September 18.
The 2023 legal framework and the dozens of companies already taken make this a standing mechanism, not a surprise — Nestlé is the latest in a queue.
Russian President Vladimir Putin signed that framework in 2023, giving Moscow authority to place property belonging to people or entities from so-called under temporary administration. Russia has since taken control of local units from dozens of companies, including , and .
The same decree also targeted and Lemana Pro, the former Russian arm of . Their Russian assets are set to transfer to a called L.E.V. Management.
Kremlin spokesperson Dmitry Peskov's phrasing — "no other decisions have been made yet" — is the tell: external management is step one, not the end state.
said on September 18 that the move is specifically about introducing external management and that no other decisions have been made yet.
Switzerland, which is not a member of the European Union, has largely adopted the EU's sanctions against Russia since Moscow's full-scale invasion of Ukraine in early 2022. Swiss voters are set to decide this month on a proposal calling for a stricter interpretation of the country's longstanding approach to .
Russia has said it no longer views Switzerland as a neutral state and has criticized the country for providing humanitarian aid to Ukraine.