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Germany Confiscates 3 Russian-Owned Refineries Worth $4.6 Billion

September 23rd, 2022
Categories: News

Link: https://anti-empire.com/germany-confiscates-3-russian-owned-refineries-worth-4-6-billion/

German government said it was seizing control of Rosneft’s stakes in three German refineries — PCK in Schwedt, north-east of Berlin, MiRo in Karlsruhe and Bayernoil in the Bavarian town of Vohburg. The trigger for the takeover was the looming EU ban on imports of Russian oil, which comes into force on January 1 and could put massive pressure on Germany’s refining industry. Russia has already severed natural gas supplies to Germany threatening a deep recession in the country this winter.

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