✉news WarUkraine first seen 7 h ago, last 2 min ago, peak #4
Russia places German retailer Metro's assets under temporary administration
Original: Russia puts German retailer Metro's assets under temporary administration amid Ukraine tensions
Russia has placed the Russian assets of German retail group Metro under temporary administration, according to a Reuters report, amid ongoing tensions over the war in Ukraine. The move is the latest in a series of seizures of foreign companies' assets in Russia and raises fresh questions about Western businesses' exposure there and prospects for exiting the market.
Why now: The seizure of a major Western retailer's assets is the latest sign of escalating Russian measures against foreign companies amid the Ukraine conflict.
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Evidence
- Russia puts German retailer Metro's assets under temporary administration amid Ukraine tensions · Reuters
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