Economy Minister and Vice-Chancellor Robert Habeck has indicated that the move was necessary to guarantee supplies. Habeck has justified the move with the lack of legal clarity about the company’s situation.
The Bundesnetzagenturthe German government agency that oversees electricity networks has tentatively taken control of Gazprom’s German subsidiary as a trustee after the Russian parent company announced it would divest it.
The Minister of Economic Affairs and Vice Chancellor announced this on Monday. Robert Habeckwho indicated that the step was necessary to guarantee delivery
Habeck has justified the move with the lack of legal clarity about the company’s situation and with the fact that the Russian parent company had failed to meet transparency standards after announcing that it would divest itself from the subsidiary.
According to information from the magazine of the mirrorGazprom had been trying in recent days to transfer Gazprom Germany to a company with headquarters in Saint Petersburgwhich has been interpreted to prevent a expropriation by the German state
Habeck has pointed out that one of the problems is that it was not clear who would be the new owners of Gazprom Germany.
Gazprom Germany it plays a key role in the country’s gas market, in storage as well as in trade and transport.
The German government suspected that Gazprom Germany was tactically using its storage capacity to make the German gas price crisis more dramatic.
The company, like the Russian state oil company Rosneft, is not directly affected by the sanctions, but it does have problems with new contracts.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
