Mmastodon WarUkraine first seen 3 h ago, last 50 min ago, peak #1

Putin places Metro AG's Russian business under Kremlin control

Original: Russian President Vladimir Putin signed a decree on Sept. 28 placing the Russian subsidiary of Germany's wholesale food

Russian President Vladimir Putin signed a decree on September 28 placing the Russian subsidiary of Germany's wholesale food retailer Metro AG under temporary state control. The move effectively seizes the Russian operations of the German retail group, further straining business ties between Moscow and Western companies still operating in Russia. Observers note it is the latest example of the Kremlin taking control of foreign-owned assets since the invasion of Ukraine.

Why now: The Kremlin's seizure of a major German retailer's Russian assets escalates tensions with Western companies and governments.

Vladimir PutinMetro AGRussiaGermany

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Evidence

• Russian President Vladimir Putin signed a decree on Sept. 28 placing the Russian subsidiary of Germany's wholesale food retailer Metro AG under the Kremlin's control. https:// kyivindependent.com/kremlin-se izes-control-of-german-retailer-metro-ags-russian-properties/ # Ukraine… · hanse_mina · 3

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