Nestle Stops Consolidating Russian Business After Putin's Decree
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Insights by Echo AI
Swiss company Nestle has ceased including its Russian business in its financial results following a decree by Vladimir Putin that transferred the assets under external management. The company, which had retained legal ownership of the assets, stated that it no longer controls their management as of the end of September 2026. This change removes net assets worth approximately CHF 1.6 billion from Nestle's balance sheet and increases its net debt by approximately CHF 900 million by the end of 2026. Russia represented approximately 2% of Nestle's annual sales and 3-4% of its operating profits and free cash flows.
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