Germany to nationalizing Gazprom and Rosneft units in the country.
The two Russian energy giants have a significant footprint in Germany.
Germany, Europe’s largest economy, is heavily reliant on Russia for natural gas.
Germany is considering nationalizing Gazprom and Rosneft units in the country, the business newspaper Handelsblatt reported Thursday, citing government sources.
The Handelsblatt business daily further reported on Sunday that the plans to nationalize Gazprom and Rosneft units in Germany were met with approval from the ruling coalition.
“The situation is serious and requires extraordinary measures,” said Bernd Westphal, an energy parliamentary group representative from Chancellor Olaf Scholz’s Social Democratic Party, per Handelsblatt.
https://www.yahoo.com/news/germany-considering-nationalizing-units-2-061538233.html
AC
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
9 views