Russian businesses

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.

Ukraine's electricity consumption has dropped 9% year-on-year to an all-time low of 5.6 TWh, according to the Centre for Economic Strategy. The decline is attributed to Russian attacks on energy infrastructure, widespread destruction, and the shutdown of businesses across the country. The figures underline the mounting economic toll of the war on Ukraine's power system and industrial activity.

Russian forces struck a business center in Dnipro, Ukraine, injuring four people, according to Ukrinform. The attack hit a civilian commercial building in the city, adding to a continuing pattern of strikes on urban targets in Ukraine. Details on the extent of the damage and the condition of the wounded were not immediately available.

Russian forces struck a business center in central Dnipro, Ukraine, injuring four people. The attack sparked a fire at the site, according to Ukrinform reporting. The strike on a civilian commercial building in the city center is the latest in ongoing Russian attacks on Ukrainian urban areas.