Globus Russia business and owner Bruch

What happened before and after this story. Background events not previously covered were summarised by AI.

1. 1 OctBackground

   Putin places German retailer Metro's Russian business under temporary management

   A Kremlin decree at the end of September 2026 put Metro's Russian subsidiary under temporary management, following similar moves against Auchan and others.

2. 5 NovBackground

   Putin places JTI's Russian tobacco business under temporary management

   On 5 November 2026 Putin signed a decree putting JTI's Russian factories under temporary state-linked management, extending seizures of Western assets.

3. 

   9 Nov

   Globus keeps opening stores in Russia while its owner urges Berlin to talk to Moscow

   Most Western firms in Russia keep quiet. German retailer Globus kept opening stores, and its billionaire owner Thomas Bruch wants Berlin to reconcile with the Kremlin.