- Category
- World
Metro Retail Chain Directs $10.3 Million to Russian Military Supply Fund
Prefer U24 Media on Google
- Authors
![Photo of Katherina Popilnichenko]( "Photo of Katherina Popilnichenko")
-c439b7bd9030ecf9d5a4287dc361ba31.jpg "Photo of Katherina Popilnichenko")
The retail network Metro , whose Russian operations were placed under temporary state management less than a month ago, announced a contribution of $10.3 million to the "People's Front. Everything for Victory! " organization, as reported by Meduza.
According to a press statement released by Metro, the transferred funds are intended "for purchasing equipment required by military personnel on the front line."
We bring you stories from the ground. Your support keeps our team in the field.
Representatives of the receiving organization noted that the donated capital will address "urgent matters" related to acquiring vehicles, communication and reconnaissance equipment, anti-drone systems, and "other items needed by combatants in the special military operation ."
"As a part of the economic system of Russia, we consider it important to participate in strategic initiatives of the state," stated Johannes Tholey, Chief Executive Officer of Metro in Russia.
The announcement follows the ongoing realignment of foreign-owned corporate assets inside Russia amidst the broader economic measures implemented since Russia’s full-scale invasion of Ukraine.
On September 28, Russian leader Vladimir Putin issued a decree transferring the Russian assets of international wholesale retailer Metro into the temporary management of Torg RUS Management Company JSC, as reported by The Moscow Times.
Putin’s spokesperson Dmitry Peskov stated that one of the factors taken into account when making the decision was that the origin was an unfriendly country. Since March 2022, following Russia’s full-scale invasion of Ukraine, more than one thousand companies had exited the Russian market.
Dozens of foreign-owned enterprises were placed under temporary management under a spring 2023 decree enacted as a response to the seizure of Russian assets abroad and actions taken by the US and its allies.
Discuss this article:
-72b63a4e0c8c475ad81fe3eed3f63729.jpeg "Photo of Cyril Barabaltchouk")
-3dc43d0d8b8ab0d7d00a1b4d64f1a3a5.jpg "The national flags of China and Russia flutter at Tian’anmen Square on May 19, 2026 in Beijing, China. (Source: Getty Images)")