EconomyRussia Grabs Nestlé Assets as Trump Holds Off on China Tariffs

Russia took control of the local businesses of Swiss food giant Nestlé and French supermarket chain Auchan, marking the Kremlin’s largest takeover of foreign corporate assets since at least 2024 as tensions with Europe rise. The US is expected to delay announcing new tariffs on China and other trading partners until after next week’s Xi-Trump summit.