Russia names interim managers for seized foreign assets, links to elites emerge

Following Putin's decree transferring Russian assets of Auchan, Leroy Merlin, FM Logistic, and Nestlé to temporary state management, new general directors have been appointed. Their biographies suggest a temporary arrangement, with connections to influential businessmen and state managers, indicating a potential transfer to favored domestic owners. This marks a significant escalation in Russia's asset seizure policy, moving from energy to consumer and retail sectors.