Germany Takes Control of Russian-Owned Rosneft Refinery
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Germany Takes Control of Russian-Owned Rosneft Refinery
Germany Takes Control , of Russian-Owned , Rosneft Refinery.
On September 16, Germany took control
of a major Russian-owned oil refinery,
raising concerns of retaliation from Moscow.
.
Reuters reports that Berlin is looking to shore up
energy supplies and reach its European Union goal
of eliminating Russian oil imports by the end of 2022.
Reuters reports that Berlin is looking to shore up
energy supplies and reach its European Union goal
of eliminating Russian oil imports by the end of 2022.
According to Germany's economy minister,
a unit of Russian oil firm Rosneft will be put
under the trusteeship of the industry regulator.
According to Germany's economy minister,
a unit of Russian oil firm Rosneft will be put
under the trusteeship of the industry regulator.
Rosneft's Schwedt refinery, which supplies 90%
of Berlin's fuel, will be taken over by Germany.
This is a far-reaching energy policy
decision to protect our country, Olaf Scholz, German Chancellor, via Reuters.
According to Chancellor Olaf Scholz, the Schwedt
refinery would be placed under the control
of the Federal Network Agency regulator.
Russia, we have known for some
time, is no longer a reliable energy
supplier.
We did not take this decision
lightly, but it was unavoidable, Olaf Scholz, German Chancellor, via Reuters.
Reuters reports that EU nations have
been racing to prop up their power
providers and secure fuel deliveries.
Moscow has retaliated for far-reaching sanctions by reducing gas flows and has threatened to shut off all access.
The actions by Russia have sent the price
of gas soaring and raised the prospect of
energy rationing throughout Europe this winter.
The actions by Russia have sent the price
of gas soaring and raised the prospect of
energy rationing throughout Europe this winter.
Europe has been grappling with threats from Russia to halt
the flow of gas through the Nord Stream 1 pipeline, which supplies
most of the gas that powers Europe's biggest economy.
Europe has been grappling with threats from Russia to halt
the flow of gas through the Nord Stream 1 pipeline, which supplies
most of the gas that powers Europe's biggest economy
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Putin Acknowledges , Xi Jinping's 'Questions and Concerns' , Over Ukraine Invasion.
Putin Acknowledges , Xi Jinping's 'Questions and Concerns' , Over Ukraine Invasion.
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Credit: Wibbitz Top Stories Duration: 01:30Published
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Credit: euronews (in English) Duration: 00:30Published
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