Story perspectives

Putin Transfers Metro’s Russian Assets to Temporary Administrators

By Drooid · Sep 28, 2026, 11:21 PM UTC · How we work

Summary

Story summary

President Vladimir Putin transferred Metro Cash & Carry’s Russian assets to a temporary administration.
He signed decree 302 on September 28, 2026 to enact the transfer.
JSC UK Torg Rus, owned by Metro’s Russian CEO Johannes Tolay, was named administrator.
Experts value Metro’s Russian business at 50–80 billion rubles.
Metro keeps legal ownership of JSC Metro Warehouse Noginsk, but operational control is now invalid.

History

Historical Context

In 2014 Russia began seizing Ukrainian-owned firms, later formalised by the 2018 Order No 1300 that sanctioned 322 Ukrainian citizens and 68 companies, freezing their assets inside Russia. Building on that precedent, on 28 September 2026 President Vladimir Putin signed decree 302 transferring Metro Cash & Carry’s Russian operations to JSC UK Torg Rus under CEO Johannes Tolay. The move shows Moscow’s ongoing use of legal orders to capture foreign-owned assets.

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Story summary

President Vladimir Putin transferred Metro Cash & Carry’s Russian assets to a temporary administration.
He signed decree 302 on September 28, 2026 to enact the transfer.
JSC UK Torg Rus, owned by Metro’s Russian CEO Johannes Tolay, was named administrator.
Experts value Metro’s Russian business at 50–80 billion rubles.
Metro keeps legal ownership of JSC Metro Warehouse Noginsk, but operational control is now invalid.

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