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World
Filed 15 hours ago
Russia is taking control of businesses from Western countries
RUSSIA, 30 September
By John_Doe
212 words
A logo of the German retailer Metro on a building in Russia.
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Reuters
The Kremlin is seizing assets from companies based in the European Union, sending a clear warning to other foreign businesses still operating in Russia.
Russia is making a big move against companies from Europe. They are taking control of business assets that belong to European companies. This means the Russian government is now stepping in to run these businesses instead of the original owners. One major example is the German grocery store chain, Metro. The Kremlin has officially moved to put Metro’s Russian units under "temporary control." This isn't just about one store. Officials in Moscow are sending a message to all Western companies still working in Russia. The message is simple: "Let them be afraid." This is a warning to any foreig…