Legal & distress·October 22, 2026 at 3:55 AM EDT·1 source
Nestlé removes Russian business from accounts after Kremlin takeover
Legal & distress
What happened
- Nestlé removed its Russian business from its accounts after a presidential decree placed it under Kremlin control.
- The Swiss group removed $1.95bn in net assets from its balance sheet.
Net assets removed
$1.95bn
Why it matters
The move affects Nestlé’s reported asset base and illustrates the financial impact of state intervention in foreign-owned businesses.
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Sources (1)
- Financial TimesOct 22Nestlé removes Russian business from accounts after Kremlin takeover
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