Putin has placed German retail giant Metro AG’s Russian subsidiary under Kremlin-controlled temporary administration, stripping the company of operational control while formal ownership remains with Metro AG. The move comes amid growing tensions between Moscow and Berlin and follows Russia’s broader seizure of Western corporate assets, including businesses linked to Nestlé and Auchan.
Metro has operated in Russia since 2001, with 91 wholesale stores and around 9,000 employees. What does Putin’s latest move mean for German businesses still operating in Russia — and is Moscow tightening its grip on Western companies?
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