Berlin to nationalize local subsidiary of Russian energy giant

Berlin to nationalize local subsidiary of Russian energy giant

The German authorities are discussing nationalizing the local subsidiary of Russian state-controlled energy major Rosneft, which has been under a trusteeship since 2022, the company said on Thursday. The newspaper Handelsblatt reported, citing government sources, that a hearing that began on Monday marks the first step towards a formal expropriation procedure the government is seeking…

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