Russia controls Metro shops
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President Vladimir Putin signs a new law. The law is a decree. It puts the company Metro in Russia under state control. Metro is a big trade company from Germany. The company has 91 markets in Russia. In the year 2025, Metro earns about 2.5 billion euro there. The company stays in Russia in spite of the war. It wants to care for the workers.
Now the state in Russia decides about the money and the company. The reasons for this step are not clear. Germany and Russia have many fights. It is about the war in Ukraine. A drone attack in Leipzig makes trouble too. Germany blames Russia for it. Russia denies the blame.
The Russian branch of Metro says: All work goes on as normal first. The buyers can still buy things. Ministers from Germany and Russia meet on the weekend. They talk in New York. The talk takes only 20 minutes. There is no good result. Soon after comes the news about the state control of Metro.
Now the state in Russia decides about the money and the company. The reasons for this step are not clear. Germany and Russia have many fights. It is about the war in Ukraine. A drone attack in Leipzig makes trouble too. Germany blames Russia for it. Russia denies the blame.
The Russian branch of Metro says: All work goes on as normal first. The buyers can still buy things. Ministers from Germany and Russia meet on the weekend. They talk in New York. The talk takes only 20 minutes. There is no good result. Soon after comes the news about the state control of Metro.
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Definitions
- State control
- This means that the state takes control of a private firm for a short time. The owner can no longer decide alone.
- Decree
- A decree is an important decision or a law that a ruler or a government makes without a parliament.
- Trade company
- A trade company is a group of many large firms that belong together.
People
- Vladimir Putin
- Vladimir Putin is the president of Russia and decides about important laws in the country.
Locations
- Russia
- Russia is the largest country on Earth and lies in Europe and Asia.
- Leipzig
- Leipzig is a big city in the east of Germany in the state of Saxony.
- New York
- New York is a world city in the USA where many important international meetings take place.
Sources
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