✉news WarUkraine first seen 3 h ago, last 17 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.
Evidence
- Russia puts German retailer Metro's assets under temporary administration amid Ukraine tensions · Reuters
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