Russian logistics company KS Logistika requested that President Vladimir Putin place five Nestlé subsidiaries under temporary state management. The move threatens Nestlé’s control over six factories and assets valued between $1.9 billion and $2.1 billion.
KS Logistika cited Nestlé's decision to halt production expansion and cease exports from Russia as the primary reason for the request. Nestlé reports it has not received official contact from Russian authorities and continues to operate in compliance with local regulations.
This development aligns with a broader Russian strategy of tightening control over foreign-owned businesses since 2022. The petition creates significant uncertainty for the future of Nestlé’s operations within the Russian market.