Our Privacy Statement & Cookie Policy

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree

Russia places German retailer Metro's assets under temporary control

Russia has placed German retailer Metro AG's Russian assets under temporary administration and transferred them to Russian company UK Torg RUS, according to a presidential decree published on Monday. The decree did not state a reason for the move.

Metro said it no longer had operational control over its Russian subsidiary, while the local unit said operations continued as usual.

00:15
Search Trends