Facing A Worsening Energy Crisis, Berlin Seizes Russia's Rosneft Three Refineries In Germany

DW: Germany takes control of Russia's Rosneft subsidiary

The government has placed the Russian oil giant's three refineries in Germany under trusteeship as it seeks to manage the impact of the energy crisis.

The German government has taken the German subsidiary of Russian oil giant Rosneft under state control, putting it into the trusteeship of the Federal Network Agency regulator.

Rosneft Deutschland accounts for about 12% of Germany's oil processing capacity and is one of the largest oil processing companies in the country, the Economy Ministry said in a statement.

Read more ....

WNU editor: European governments are telling its citizens to not worry this winter. That the EU will make sure that homes and businesses are heated, electricity is supplied, and the costs will be manageable.

But in the real world we see governments like Germany seizing energy assets without compensation, getting ready for rationing, and preparing for unrest.

Facing A Worsening Energy Crisis, Berlin Seizes Russia's Rosneft Three Refineries In Germany

Germany takes control of 3 Russian-owned oil refineries -- AP

Germany takes control of Russian-owned refinery amid energy crisis -- CNBC/Reuters

Germany takes control of Russian-owned oil refineries -- CNN

Germany seizes control of 3 Russian-owned oil refineries ahead of looming EU deadline -- FOX News

Germany takes control of stakes in Rosneft oil refineries -- BBC

Germany takes subsidiary of Russian oil giant Rosneft under state control -- The Guardian

Germany Seizes Russia’s Rosneft Units to Ensure Energy Supplies -- Moscow Times

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