Putin seizes Nestle, French firms’ Russia assets over West's Ukraine support: How big is Nestle’s business there?
Russian President Vladimir Putin signed a decree transferring Nestle's Russian operations to LEV Management. Nestle has six factories and 7,000 employees in Russia, which now accounts for just over 1% of its global sales. The company is assessing its options following the seizure, which could lead to a potential loss of $1.2 billion.