Germany could still expropriate Rosneft's German assets, the country's economy ministry said on Friday, in a warning to the Russian oil giant to propose potential buyers of its assets
Germany could still expropriate Rosneft’s German assets, the country’s economy ministry said on Friday, in a warning to the Russian oil giant to propose potential buyers of its assets. Germany extended its trusteeship over Rosneft’s assets in Germany for the third time earlier this week, but new signs that Rosneft could be open to finding a buyer for its assets in Germany stopped the Energy Ministry from moving to expropriate the assets.
1% stake in the Schwedt refinery in Germany, which, along with other Rosneft assets, has been under a trusteeship since 2022. It is unclear what the precise value is of Rosneft’s assets in Germany, although estimates have been made in the $7 billion range. So far, Germany has already nationalized one midstream company, Sefe—assets formerly held by Gazprom. Russia, too, has gotten into the nationalization game, taking control over Germany’s assets in Russia—Uniper and Wintershall Dea.
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