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Moscow Takes Control of Metro Assets
Russia issued a decree placing the operations of the German company Metro AG in Russia under forced temporary management. As of September 29, 2026, operational control over its assets in the country was transferred to a Russian company called UK Torg RUS, owned by Johannes Tholi, the head of Metro's business in Russia. However, the legal ownership of the assets remains in the name of the German company, and the financial and legal impacts of the decision are currently being assessed. Metro has been operating in Russia since 2001, currently managing 91 wholesale stores and employing around 9,000 staff. The company continued its operations in Russia after the outbreak of the war in Ukraine in 2022, despite reducing its administrative and operational ties to the Russian market. This step comes amid increasing tensions between Moscow and Berlin and follows similar measures taken by Moscow against other Western companies such as Nestlé and Auchan.
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