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BUSINESSWTOP·21h ago

Kremlin transfers control of German retailer Metro’s Russia business

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Russian President Vladimir Putin has ordered that the Russian assets of German retailer Metro AG be placed under temporary state administration.

FRANKFURT, Germany (AP) — President Vladimir Putin has ordered the Russian assets of German retailer Metro AG placed under the temporary administration. The step comes against a background of tension between Germany and Russia over the war in Ukraine. The order, posted Monday on the government website, did not state a reason. The step follows...

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