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Rosneft

Germany Puts Rosneft Refinery Unit Under Trusteeship

Rosneft
Germany put the German subsidiary of Russian oil giant Rosneft under trusteeship on Friday.

KONTAN.CO.ID - BERLIN. Germany put the German subsidiary of Russian oil giant Rosneft under trusteeship on Friday, handing control of the PCK refinery in Schwedt, a key source of fuel for Berlin, to the federal regulator.

The refinery, until now majority-owned by Rosneft, has tested Germany's resolve to eliminate imports of oil from Russia by the end of the year, under European sanctions to punish Moscow for its invasion of Ukraine.

"With the trusteeship, the threat to the security of energy supply is countered and an essential foundation stone is set for the preservation and future of the Schwedt site," the economy ministry said in a statement.

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