Russian President Vladimir Putin orders that the Russian operations of German retailer Metro Cash & Carry be placed under temporary administration. Bloomberg reports the decree places Metro’s local units under administration, continuing a pattern of actions by the Kremlin to increase control over foreign-linked businesses operating in Russia.
Euronews similarly says Metro AG loses control of its Russian business following the Putin decree and that the decision involves Metro’s assets being put under temporary administration. Both outlets frame the move as part of broader government steps affecting foreign firms in Russia. Euronews additionally links the timing to worsening political and economic tensions between Germany and Russia, citing the Ukraine war as a central factor in the deterioration of relations.
The sources do not provide further details on the administrator, duration, or the operational impact beyond the change in control, nor do they specify how Metro AG responds publicly in the included accounts.
