Kremlin targets European firms, spares US ones in asset-control strategy
Published 2 d ago6 sourcesEvidence: Unknown
German wholesaler Metro's Russian unit donated 1 billion rubles to a fund equipping Russian troops, weeks after Putin placed its assets under temporary management. The move signals corporate accommodation to Kremlin pressure, raising questions about the extent of coercion versus voluntary compliance. This is a notable instance of a Western firm's Russian subsidiary funding military efforts amid escalating asset seizures.
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Russian authorities seized control of Metro AG's Russian subsidiary on September 28 and subsequently transferred 1 billion rubles to the Russian military. Metro AG denies authorizing this transfer, indicating the Kremlin's direct use of seized foreign assets to fund its war effort. The extent of coercion versus voluntary compliance by the Metro Russia unit remains unclear.
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