The energy giant Rosneft’s local subsidiary is currently under a Berlin-appointed trusteeship The nationalization of Rosneft’s assets in Germany would be tantamount to confiscation, a step which would have far-reaching consequences, Kremlin spokesman Dmitry Peskov warned on Thursday.

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Japan has no intention of withdrawing from its oil and natural gas projects in Russia’s Far East, Economy Minister Hagiuda Koichi told reporters on Friday. “Japan has stakes in both [oil and gas] projects and has secured long-term supplies. The projects provide our country with energy at below-market prices, and soaring energy costs are making…