EconomyKremlin takes control of German retailer Metro AG’s Russian properties

Russian President Vladimir Putin signed a decree on Sept. 28 placing Metro AG’s Russian subsidiary under Kremlin control. The division was transferred to the “temporary management” of a company formed on Sept. 8 and wholly owned by Metro Russia CEO Johannes Tolay. Metro said it formally retains ownership but no longer has operational control.

Metro AGRussiaasset seizureGerman business

TThe Kyiv Independent★★★★☆2026-09-28 22:56Original