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Germany seizes Russian-owned refinery amid energy crisis

German authorities places PCK refinery in Schwedt, a subsidiary of Russia's Rosneft and key source of fuel for Berlin under trusteeship

Wall Street Breakfast: Rough Week

Germany takes control of Russian-owned refinery amid energy crisis

BERLIN: Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies and meet its EU commitment to eliminate Russian oil imports by the end of the year, according to Reuters. The economy ministry said it was putting a unit of Russian oil firm Rosneft under the trusteeship of the industry

Germany puts Rosneft refinery unit under trusteeship By Reuters

© Reuters. The company logo hangs at the PCK refinery's, which is majority-owned by Russia's Rosneft, in Schwedt, Brandenburg, Germany, June 9, 2022.

Germany seizes control of 3 oil refineries owned by Russia s Rosneft to brace for winter energy crisis

The German government on Friday seized three oil refineries in the country owned by Russian energy giant Rosneft, in its latest effort to deal with a mounting European energy crisis stoked by Moscow.

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