Get all your news in one place.
100's of premium titles.
One app.
Start reading
Radio France Internationale
Radio France Internationale
National
RFI

France calls on Moscow to reverse takeover of European assets

Auchan, which has operated in Russia as Aucan since 2002, is one of the country's main retailers.
Auchan, which has operated in Russia as Aucan since 2002, is one of the country's main retailers. AFP - NATALIA KOLESNIKOVA

France has called on Moscow to "reverse" its decision to take control of assets belonging to European companies still operating in Russia, including Swiss food giant Nestle and three French groups. The Kremlin defends the takeover as a justified measure against firms representing "unfriendly countries" that back Ukraine.

A decree signed by President Vladimir Putin late Thursday transferred the Russian operations of Nestle, French retailer Auchan and the former Leroy Merlin DIY chain, now known as Lemana Pro, to a company called LEV Management.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.