✉news BusinessBusiness first seen 1 h ago, last 1 h ago, peak #29
Kremlin takes control of Metro's Russia business
Original: Kremlin transfers control of German retailer Metro's Russia business
The Kremlin has moved to take control of the Russian operations of German retail giant Metro, which owns a chain of stores across the country. The transfer marks a new step in Russia's widening seizure of foreign corporate assets since the invasion of Ukraine, raising fresh concerns among Western companies still operating in or exposed to the Russian market.
Why now: Foreign asset seizures by Russia are a major ongoing business story affecting Western companies with exposure to Russia
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/255441