Germany takes over Rosneft Deutschland

The German authorities has put the German subsidiary of Russian oil large Rosneft beneath trusteeship. Germany will get rid of all oil imports from Russia and to make sure the refinery, certainly one of Germany’s largest, can proceed operations within the winter with out disruption, the bulk owned Russian firm has been taken over. “With the trusteeship, the menace to the safety of power provide is countered,” the financial system ministry stated in a press release.