President Vladimir Putin orders the Russian assets of German retailer Metro AG placed under temporary administration, according to reports.
The Kremlin move shifts control of Metro’s Russia operations to an external temporary authority rather than the company’s usual management. The outlets describe this as a transfer of control tied to measures involving Russian assets linked to foreign companies.
Both sources frame the decision as a direct order by the president and emphasize the temporary nature of the administration. The coverage does not indicate that Metro AG has regained control through a negotiated settlement, and details about how the administration will operate or timelines for next steps are not specified in the provided excerpts. The reports focus on the change in governance rather than on any specific operational impacts on staff, stores, or customers in Russia.
