www.mediafax.ro/economic/rusia-a-preluat-controlul

Nestlé has removed nearly $2 billion in assets from its balance sheet after Russian authorities took control of its operations in Russia. This decision will impact the company's financial results for the last quarter of the year. The company reported a loss of approximately 1.4 billion Swiss francs due to currency fluctuations related to its Russian business. Despite losing control in Russia, Nestlé's third-quarter sales exceeded analysts' expectations, growing by 4%. CEO Philipp Navratil aims to revitalize the company by focusing on priority products and reducing involvement in ice cream and bottled water businesses. Analysts suggest that while there are signs of recovery, Nestlé must sustain its growth momentum.