The German government said on September 8 it will keep two subsidiaries of Russian oil giant Rosneft under the control of German authorities for another six months. The government announced a year ago that it was putting Rosneft Deutschland GmbH and Rosneft Refining and Marketing GmbH under the administration of Germany’s Federal Network Agency. In March, a German federal court threw out complaints from Rosneft and upheld the decision. The trusteeship gave German authorities control of three Russian-owned refineries. Rosneft accounted at the time for about 12 percent of Germany’s oil refining capacity. To read the original story by AP, click here.
Germany Will Keep Russian Oil Giant Rosneft Subsidiaries Under Its Control
FILE PHOTO: A logo of Russian state oil firm Rosneft is seen at its office in Moscow