Russia Targets EU Corporations with Asset Seizures

• •Russia has initiated asset seizures of EU corporations, including Nestlé and Auchan.
• •The Kremlin cites EU sanctions as justification for these retaliatory measures.
• •Affected companies are assessing their legal rights and potential responses.

On September 29, 2026, Russia announced a wave of asset seizures targeting European corporations in retaliation for EU sanctions related to the ongoing conflict in Ukraine. The Kremlin specifically cited the recent seizure of Nestlé and Auchan's local operations as part of this strategy, accusing the EU of direct involvement in the invasion. Kremlin officials stated that the time has come for 'asymmetrical actions' against European firms, urging them to consider the consequences of their sanctions. The local operations of Nestlé and Auchan were placed under temporary administration, with their stakes transferred to a newly registered Moscow entity. This move is seen as a warning to other Western companies that may remain in Russia, as the Kremlin seeks to strip foreign owners of management rights. The situation remains tense, with affected companies evaluating their legal options and potential responses to the seizures.