The temporary handover of the Russian assets of Switzerland's Nestle and France's Auchan, announced by the Kremlin on Thursday evening, will be the biggest takeover of business from European companies during the entire war in Ukraine. One of the many cases. According to Vladimir Putin's presidential decree, assets worth billions of euros will be transferred to "L. E. V. Management" company, which has only one employee and authorized capital of 15 thousand rubles. The company, which was appointed head of the Interior Ministry Major General Andrei Kryushkin a week before Putin's decree, will receive six Nestle factories with 7,000 employees and annual revenue of $2.5 billion, as well as the Ashan supermarket chain, which It has been in business for more than 20 years, has more than 200 commercial outlets and 30 thousand employees. According to Bloomberg calculations, the seizure of the assets of Nestle, which has been operating in Russia since the 1990s and Auchan, which opened business in the early 2000s, will be the largest confiscation of property of European investors since at least 2024. At that time, the breweries of Belgian AB InBev and Turkish Anadolu Efes were transferred to "temporary management". In the same year, the Kremlin also confiscated and transferred to Gazprom the Ariston and Bosch home appliance factories, where refrigerators and washing machines were produced before the war, with annual sales of about 50 billion rubles. In July 2023, a similar procedure was applied to Danone Russia, the country's largest dairy producer. In the end, the business, worth about 1 billion euros, went to people close to the head of Chechnya, Ramzan Kadyrov. At the same time, the assets of the Danish Carlsberg, and in 2022, the assets of the Finnish Fortum and the German Uniper, which were among the largest Western investors in Russian electricity, were confiscated. The decision on "temporary management" of Nestle and Auchan is related to the fact that they are companies from "European, unfriendly countries", the press secretary of the president, Dmitry Peskov, announced on Friday.