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✉news WarUkraine first seen 3 h ago, last 21 min ago, peak #4

Russia places German retailer Metro's assets under temporary administration

Original: Russia puts German retailer Metro's assets under temporary administration amid Ukraine tensions

Russia has placed the Russian assets of German retail group Metro under temporary administration, a move reported by Reuters and linked to rising tensions over the war in Ukraine. The step puts control of Metro's operations in Russia in question and adds to a pattern of Western companies' assets being seized or restricted since the invasion. It is likely to strain German-Russian business ties further and raise concerns among foreign firms still operating in Russia.

Why now: The seizure of a major German company's assets escalates tensions between Russia and Western businesses amid the Ukraine war.

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