The German government has decided to take full control of Gazprom, a German subsidiary of the Russian gas company, by September this year to ensure the security of gas supplies to the country, according to the Ministry of Economy and Climate Protection. In the statement.
In particular, the German executive has appointed the Federal Network Agency as interim administrator of Gazprom Germania for “unclear” legal relations and breaches of information requirements under the Foreign Trade and Payment Ordinance.
“The name of the administrator serves to protect public safety and order and to maintain the security of the offer. This step is mandatory. “Security of delivery is now guaranteed,” said Robert Habek, Germany’s economy minister.
The move is prompted by a decree by President Vladimir Putin obliging Russian gas buyers to pay for supplies in rubles, which went into effect last Friday. The Russian gas giant Gazprom then informed its customers about the new mechanisms, but so far without closing the pipelines, Efe reports.
Gazprom complies with Russian law. “We have officially announced the new payment mechanisms in rubles,” the company said in a statement, adding that it “continues to export gas to consumers.”
On Monday, Brussels asked companies not to agree to Putin’s demands for a gas price in rubles. “Contracts must be protected and 97% of them directly involve payment in euros or dollars,” the European Commission said.
Last Friday, the Russian gas giant announced that it would give up its stake in the German company Gazprom Germania GmnH, as well as all its assets, including Gazprom Marketing and Trading Ltd. “On March 31, Gazprom Group stopped participating in the company. “Gazprom Germania GmbH and all its assets,” the Russian gas company said on its website.
The German newspaper Handelsblatt reported last Thursday that the German government was considering nationalizing Gazprom’s subsidiary amid a possible cut in Russian gas supplies. “We consider it unacceptable to study this issue alone,” Kremlin spokesman Dmitry Peskov told a news conference when asked about the hypothetical nationalization of Gazprom’s subsidiaries as well as Russian oil company Rosneft. It happened this Monday.
Source: El Diario
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