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The brand of Russia’s prime crude producer Rosneft is seen on a gasoline station close to a church in Stavropol, southern Russia, December 9, 2014. REUTERS/Eduard Korniyenko/File Picture
BERLIN:
The German authorities has positioned the German models of Russia’s Rosneft underneath a trusteeship, the economic system ministry stated on Saturday, as Berlin seeks to determine long-term management over the German property of the Russian oil group.
The property, which embrace a stake within the PCK Schwedt refinery, had been positioned within the German authorities’s trusteeship in 2022 after Moscow’s invasion of Ukraine shook Germany’s decades-long vitality ties with Russia.
Nevertheless, that trusteeship must be renewed each six months on grounds of preserving vitality safety, creating uncertainty primarily over the PCK Schwedt refinery, which provides many of the gasoline to Berlin. In its try to discover a structural answer, the most recent transfer places Rosneft Deutschland (RDG) and RN Refining & Advertising (RNRM) underneath the management of Germany’s Bundesnetzagentur vitality regulator, stated the ministry.
