The German government has seized control of a Russian oil subsidiary amid a larger policy package to ensure oil supply ahead of the European Union oil embargo deadline.
You can now listen to Fox News articles!is now under the control of the German government, it announced Friday.
The German government said it took control of Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, two companies owned up until now by multinational oil and gas company Rosneft. The government said the move would ensure continued oil production as the international community looks to cut its oil dependence on Russia.said Friday the companies will be put under the control of the Federal Network Agency.
The oil refinery on the industrial site of PCK-Raffinerie GmbH, jointly owned by Rosneft, are illuminated in the evening in Schwedt, Germany, on May 4, 2022.
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