Germany takes control of Russian-owned refinery amid energy crisis

Germany takes control of major Russian-owned oil refinery, risking retaliation from Moscow. Chancellor Olaf Scholz: “We did not take this decision lightly, but it was unavoidable” The Schwedt refinery supplies 90% of Berlin’s fuel. Germany is resolved to eliminate imports of oil from Russia by the end of the year under EU sanctions. Poland’s PKN Orlen is interested in taking a controlling stake in the refinery, sources in Berlin and Warsaw familiar with the matter told Reuters.

Read Long Article

Scroll to Top
Scroll to Top