NEWS

Germany Seizes Russian Energy Firm’s Subsidiaries

BERLIN — Berlin on Friday took control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow invaded Ukraine.

Rosneft’s German subsidiaries, which account for about 12% of oil refining capacity in the country, were placed under the trusteeship of the Federal Network Agency, the economy ministry said in a statement.

“The trust management will counter the threat to the security of energy supply,” it said.

Read more at Voanews.com

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Edited by Jesus Chan

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