Germany and Poland have announced separate takeovers of natural-gas companies that had links to Russian energy giant Gazprom. Germany said it was nationalizing the former German subsidiary of Gazprom months after it was put under the control of a government agency. Poland's government said it had taken "temporary compulsory management' of Gazprom's 48 percent stake in Europolgaz, which owns the Polish section of the Yamal gas pipeline. It said the takeover was needed for the country's energy security and to ensure smooth decision-making in a company vital for gas flows. In September, Poland imposed sanctions on Gazprom and said its assets would be frozen after previously placing sanctions on 50 Russian oligarchs and companies in April, including Gazprom, in a move to increase pressure on Moscow over its invasion of Ukraine. To read the original story from AP, click here.
Germany, Poland Take Over Gas Firms Tied To Russia
The move concerns Gazprom's 48 percent stake in Europolgaz, which owns the Polish section of the Yamal gas pipeline.