Metro AG's Russian Operations Seized Amid Geopolitical Tensions

• •Metro AG's Russian subsidiary is now under temporary state management.
• •This seizure is part of a broader trend affecting multiple foreign businesses in Russia.
• •The action follows heightened tensions between Germany and Russia over recent geopolitical events.

Russian President Vladimir Putin signed a decree on September 28, 2026, placing the assets of German retailer Metro AG under temporary administration, effectively transferring control to a management firm, Torg Rus. This action follows escalating tensions between Germany and Russia, particularly after Germany accused Russia of an attempted drone attack. Metro AG, which has operated in Russia since 2001 and employs around 9,000 people, reported a 10.3% increase in sales in Russia for the 2025/26 financial year. The seizure is part of a broader trend where Russian authorities have taken control of foreign businesses as a response to perceived hostile actions from Western nations. Metro AG retains formal ownership but has lost operational control, complicating its future in the Russian market. The situation reflects the deteriorating diplomatic relations between Germany and Russia, with both sides exchanging accusations and retaliatory measures.