Russia seizes Western assets in first external management move, citing Ukrainian strikes

The Kremlin has placed Russian operations of Auchan, Nestlé, FM Logistic, and Leman PRO under external management, marking the first seizure of Western assets since the invasion. Press Secretary Peskov justified the move by citing Ukrainian strikes on Russian infrastructure and the companies' home countries' involvement in military actions. This escalates economic retaliation and signals a new phase in asset expropriation, increasing uncertainty for remaining foreign businesses in Russia.