German government to seize local branch of Russian oil firm ...News

Berlin’s economy minister called the decision ‘urgently necessary’ to maintain the country’s energy supply Germany is set to take ownership of a local branch of Russia’s state-owned oil firm Gazprom. Berlin’s energy regulator will temporarily control the company despite Moscow’s insistence that the move would be illegal. Economy Minister Robert Habeck announced the decision on Monday, arguing it would mean that Germany’s energy infrastructure is not “subject to arbitrary decisions by the Kremlin.” “The arrangement of the trust administration serves to protect public safety and order and to maintain the security of

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