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Kremlin seizes Western firms' assets, unnerving Japanese companies in Russia
South China Morning PostLO·RU · JP · CH·about 12 hours ago
L.E.V. Management, the Russian firm granted temporary control of Auchan and Lemana PRO (formerly Leroy Merlin) assets, has instructed executives to preserve store networks and staff, and promised drone protection. This follows Russia's seizure of foreign assets in response to Western sanctions, marking a shift from operational continuity to active security measures. The move signals Moscow's intent to maintain retail operations while asserting state control over foreign-owned businesses.
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