MOSCOW/KYIV: Russian authorities on Monday seized the assets of German wholesaler and food retailer Metro — the latest in a series of business takeovers linked to countries that back Ukraine.

A decree signed by President Vladimir Putin announced that the Russian operations of Metro Cash and Carry had been put under the “temporary management” of a company called UK Torg RUS.

This comes after Moscow earlier this month seized the businesses and assets of Swiss food giant Nestle, as well as French retailer Auchan and the former Leroy Merlin DIY chain.

In a statement, Metro said it still formally owned the company but no longer had “operational control over its Russian subsidiary” and was analysing what the decision meant for the company. “Further effects of the decree on METRO AG are currently being analysed,” it said.

In its latest yearly report, the company said its sales in Russia amounted to 2.6 billion euros ($2.9 billion) in the 2024/2025 financial year.

The cash and cash equivalents of Metro’s Russian group companies amounted to 152 million euros ($172 million) as of June 30, the company said in its latest quarterly report.

Published in Dawn, September 29th, 2026