Berlin has taken control of the German operations of Russian oil firm Rosneft to secure energy supplies which have been disrupted after Moscow’s full-scale invasion of Ukraine.
Rosneft’s German subsidiaries, which account for about 12 percent of oil refining capacity in the country, were placed under the trusteeship of the Federal Network Agency, the economy ministry said in a statement on Friday.
“The trust management will counter the threat to the security of energy supply,” it said.
The seizures come as Germany is scrambling to wean itself off its dependence on Russian fossil fuels. Moscow has stopped natural gas deliveries to Germany via the Nord Stream 1 pipeline.
The move covers the companies Rosneft Deutschland GmbH (RDG) and RN Refining & Marketing GmbH (RNRM) and thereby their corresponding stakes in three refineries: PCK Schwedt, MiRo and Bayernoil.
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