Putin Extends Food Embargo and Places Nestle Assets Under Temporary Control

In September 2026, Russian President Vladimir Putin extended Russia's food embargo, first introduced in 2014, until the end of 2028. He also placed Nestle's Russian assets under temporary external management.

Putin additionally commented on Russia's economic situation, stating that unemployment is near historic lows, that GDP is expected to grow by a certain amount by year's end, and that the National Wealth Fund will increase. He said the draft federal budget for the next three years is being prepared as planned.