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The Guardian - UK
The Guardian - UK
World
Philip Oltermann in Berlin

Germany takes subsidiary of Russian oil giant Rosneft under state control

The oil refinery in Schwedt, Germany
The oil refinery in Schwedt, Germany Photograph: Hannibal Hanschke/Reuters

Germany has taken the German subsidiary of the Russian oil giant Rosneft under state control, putting three refineries into a trusteeship ahead of a partial European embargo on Russian oil at the end of the year.

The federal network regulator will become the temporary trust manager of Rosneft Germany and its share of refineries in Schwedt, near Berlin, in Karlsruhe and in Vohburg, Bavaria, Germany’s ministry for economic affairs announced on Friday.

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