Germany seizes control of 3 Russian-owned oil refineries ahead of looming EU deadline

[Kyle]

The oil companies will be put under the control of Germany's Federal Network Agency


An oil subsidiary in Germany previously controlled by a Russian oil giant is now under the control of the German government, it announced Friday.

The German government said it took control of Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, two companies owned up until now by multinational oil and gas company Rosneft. The government said the move would ensure continued oil production as the international community looks to cut its oil dependence on Russia.

Germany seizes control of 3 Russian-owned oil refineries ahead of looming EU deadline

The German government has seized control of a Russian oil subsidiary amid a larger policy package to ensure oil supply ahead of the European Union oil embargo deadline.

www.foxnews.com

 

[Hessian]

Um...gutsy.
Not only does that further irritate Russia,
It also irritates the Greenies who have had a large sway in recent policy.
Worth watching!

 

[herb749]

What does it mean to take over a Russian oil refinery when Russia doesn't send the oil.

 

[Sneakers]

A better question is.... what is Russia doing controlling a refinery in Germany anyway?

The oil refinery on the industrial site of PCK-Raffinerie GmbH, jointly owned by Rosneft, are illuminated in the evening in Schwedt, Germany,

 

[gemma_rae]

The Chinese will pay double. Happily.

 

[Monello]

The Chinese will pay double. Happily.

But there is no happy ending at the conclusion of the deal.

 

[Hijinx]

What good is a refinery with no oil to refine?

 

[WingsOfGold]

A better question is.... what is Russia doing controlling a refinery in Germany anywa

Smithfield Foods, Inc., is a China-owned pork producer and food-processing company based in Smithfield, Virginia, in the United States, and an independent subsidiary of WH Group.[

 

[gemma_rae]

But there is no happy ending at the conclusion of the deal.

 

[kwillia]

We are PWN'd by China. This first article is a snapshot of 2017 followed by some additionals in the article from 2021:

10 iconic American companies owned by Chinese investors

Many popular US companies in fields ranging from hotels and entertainment to food have strong ties to Chinese investors.

www.cnbc.com

American Companies You Didn’t Know Were Owned By Chinese Investors

While you may think the classic American brands you see every day are entirely domestic, many are actually owned by Chinese investors.

www.madeinamerica.com

 

[Kyle]

Waldorf Astoria now occupies the old post office in DC.

Typical swamp.