Putin transferred the Russian assets of METRO Cash & Carry to the temporary management of a company that was created two weeks ago.
From now on, the Russian assets of the German concern will be managed by the company "Torg Rus", which was registered in Moscow Just two weeks ago—September 8, 2026. Its main focus is listed as "head office activities." Revenue, profit, and margin are not listed, which is not surprising for a company less than a month old.
Meanwhile, METRO Cash & Carry's Russian division's revenue exceeds one billion euros per year. The chain operates 91 stores across Russia.
Following the outbreak of a full-scale war with Ukraine and the imposition of sanctions against the Kremlin, the German concern Metro refused to leave Russia, citing responsibility for 10 employees and clients.
It is noteworthy that the founder of the company "Torg Rus" is listed as Johannes Maria Tolay, who served as CEO of Metro Cash & Carry since 2023.
Earlier Putin handed Russian assets of Nestlé, Auchan, and Leroy Merlin, with a total revenue of about a trillion rubles a year, were transferred to a shell company headed by a police major general and former deputy director of the Ministry of Internal Affairs for migration issues. Andrey Krayushkin.
Putin also issued a decree today authorizing Softex to acquire the Russian subsidiary of the Western Union payment system and classified information about the export of certain goods and production volumes at oil refineries.