abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb

The content is also available in the following languages: Русский

Article

3 Mar 2023

Author:
Ukrainian World Congress

Ukraine: Govt. adds Metro Cash & Carry to list of war sponsors because of its ongoing business & alleged ties to strategic sectors in Russia

Ukraine designates Metro Cash & Carry as a war sponsors, 1 March 2023

Metro Cash & Carry, a wholesale/retail division of Germany-based Metro AG, has been put on the list of international war sponsors maintained by Ukraine’s National Agency on Corruption Prevention of (NACP).

As the NACP announced...Metro continues doing its wholesale/retail business in Russia. Moreover, “the interests of the company’s management are closely related to the strategic sectors of the Russian economy – the oil and gas and banking sectors. And this has a direct impact on the support of the Russian military machine,” the agency says.

NACP refers to journalistic investigations that found that Metro Cash & Carry’s key shareholder, Czech billionaire Daniel Křetínský, controls EP Infrastructure, which owns 49% of Eustream, the operator of the natural gas transmission network in Slovakia. This network is used to transport Russian gas to Central and Eastern Europe.

Metro Cash & Carry also accepts cards of Russia’s Mir payment system and implements new projects in Russia, such as the chain of “next to your home” grocery stores Fasol, according to NACP...

Adding a company to the NACP’s war sponsors list does not mean its imminent shutdown in Ukraine but serves as an alert signal. All the companies on the list are entered into the World-Check database maintained by LSEG, a global financial markets infrastructure and data provider, to protect the financial sector against sponsors of Russia’s war...

Part of the following timelines

Ukraine: Global outrage over Russian invasion leads to sanctions, demands for businesses to divest

Ukraine: Govt. adds 47 intl. companies to list of war sponsors due to their continued operations in Russia

Privacy information

This site uses cookies and other web storage technologies. You can set your privacy choices below. Changes will take effect immediately.

For more information on our use of web storage, please refer to our Data Usage and Cookies Policy

Strictly necessary storage

ON
OFF

Necessary storage enables core site functionality. This site cannot function without it, so it can only be disabled by changing settings in your browser.

Analytics cookie

ON
OFF

When you access our website we use Google Analytics to collect information on your visit. Accepting this cookie will allow us to understand more details about your journey, and improve how we surface information. All analytics information is anonymous and we do not use it to identify you. Google provides a Google Analytics opt-out add on for all popular browsers.

Promotional cookies

ON
OFF

We share news and updates on business and human rights through third party platforms, including social media and search engines. These cookies help us to understand the performance of these promotions.

Your privacy choices for this site

This site uses cookies and other web storage technologies to enhance your experience beyond necessary core functionality.