Kremlin says temporary control of foreign firms is reversible

September 29, 2026 at 02:29 PM1 min

This digest was compiled by AI from multiple sources — links to the originals are below.

The Kremlin said presidential decrees placing foreign companies under temporary management are not aimed at changing ownership. Spokesman Dmitry Peskov called the process reversible but said he sees no grounds for reversal now.

Key Facts

Presidential decrees placed Metro Cash & Carry assets under temporary management of JSC UK Torg Rus.
Auchan's Russian subsidiary, Lemana PRO, Nestle Russia, and FM Logistic were also transferred to temporary management.
Kremlin spokesman Dmitry Peskov said the decisions are not aimed at changing ownership.
Peskov described the process as reversible but said he sees no grounds for reversal now.

Kremlin Position

Presidential decrees transferring foreign companies to temporary management are not aimed at changing ownership, Kremlin spokesman Dmitry Peskov told journalists. Peskov said the decisions were made because the companies are linked to unfriendly countries with increasing involvement in direct hostilities against Russia. He called the process reversible but said he sees no grounds for reversal now.

Affected Companies

President Vladimir Putin signed a decree transferring Metro Cash & Carry assets to temporary management of JSC UK Torg Rus. Auchan's Russian subsidiary, Lemana PRO, Nestle Russia, and FM Logistic were also transferred to temporary management.