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Mmastodon WarUkraine first seen 7 h ago, last 26 min ago, peak #1

Putin Decree Places Metro's Russian Operations 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 the Kremlin's control. The move effectively seizes the German company's properties in Russia, adding to a pattern of foreign assets being taken over amid the war in Ukraine and raising concerns among Western businesses still operating there.

Why now: The seizure of a major German retailer's assets signals escalating Russian expropriation of Western companies amid the Ukraine war.

Vladimir PutinMetro AGRussiaGermany

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