Russia Seizes Metro AG's Russian Assets Under Forced Administration

Russia has placed the local assets of German retailer Metro AG, majority-owned by Czech investors Daniel Křetínský and Patrik Tkáč, under temporary state administration via presidential decree. This action, confirmed by multiple sources, represents a significant escalation in Russia's pattern of seizing foreign-owned assets, particularly targeting Western companies that remained in Russia post-invasion. The move signals heightened expropriation risk for remaining foreign businesses and may prompt retaliatory measures from the EU.