Russia targets EU firms while sparing US businesses

Moscow has cracked down on European companies over Ukraine support while sparing US firms. The Kremlin courts business ties with Washington amid ongoing diplomatic talks.

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FILE PHOTO: A logo of food giant Nestle is seen in a building in Orbe, Switzerland, February 9, 2024. REUTERS/Denis Balibouse/File Photo

Russia has placed 20 foreign-owned firms under temporary administration since January 2025, sparing most companies from the United States while targeting European enterprises. The crackdown reflects escalating retaliation against European support for Ukraine amid ongoing diplomatic engagement with Washington. Investors face heightened confiscation risks as Moscow selectively divides foreign corporate assets based on country of origin.

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