Berlin seizes Russian oil giant Rosneft’s subsidiaries in Germany, citing the need to ensure continued operations at three oil refineries in the country amid energy crisis
In April, Germany temporarily took control of Gazprom's German subsidiary, after an opaque transfer of ownership of the company set alarm bells ringing in Berlin.
Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under trusteeship of the Federal Network Agency, the economy ministry said in a statement.Chancellor Olaf Scholz said his government "did not take this action lightly but it was inevitable" for the "protection of our country".
The region could have "found itself in a position, due to the refinery in Schwedt, where security of supply was no longer a given", Economy Minister Robert Habeck said at a press conference.The refineries' operations had been disrupted as the German government decided to slash Russian oil imports, with an aim to halt them completely by year's end.
New supplies of oil for Schwedt have been shipped in via the northeastern port of Rostock, with plans to also tap supplies imported through the Polish city of Gdansk.
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