Putin nationalizes Russian assets of Auchan, Nestle, Leroy Merlin

Putin signed a decree to nationalize the Russian operations of Auchan, Nestle, and the former Leroy Merlin network, escalating economic retaliation against Western firms. This marks a significant expansion of asset seizures beyond earlier cases, signaling heightened state control over foreign enterprises. The move could deter remaining foreign investors and strain diplomatic relations further.