Seized Metro business in Russia "donates" US$12.4m to war

Metro, a food retail chain in Russia which has been under temporary management since September, has donated RUB 1 billion (US$12.4 million) to sponsor Russia's war against Ukraine.

Source: Latvia-based Russian media outlet Meduza

Details: In a statement, the company said the funds had been transferred to a foundation called The People's Front. Everything for Victory! to supply invading Russian units with technical equipment such as specialised vehicles, communications systems, reconnaissance assets and anti-drone equipment.

Quote from Johannes Tholey, CEO of Metro Russia: "As part of Russia's economic system, we believe it is important to take part in the strategic initiatives of the state."

Background: At the end of September, Kremlin leader Vladimir Putin signed a decree placing the Russian assets of the German retail chain Metro under "temporary management".

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