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 Metro AG's Russian subsidiary on 28 September and subsequently transferred 1 billion rubles (approximately $12 million USD) to a Russian military fund. While Metro AG denies authorizing the transfer, the action confirms the Kremlin's use of seized foreign assets to directly fund its military operations. The extent of coercion versus voluntary compliance by Metro's Russian unit remains an area of uncertainty.
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