German Economy Minister Robert Habeck announced on Monday that Gazprom Germania, a German subsidiary of Russia’s Gazprom, will be under the control of the German energy regulator until at least September 30 this year.
According to the news “Bloomberg”The minister said it would be a “temporary measure to ensure that the company’s business is managed and energy supplies are secured.”
He explained that the change comes after Gazprom withdrew from the German contingent without even trying to obtain government approval, which is in violation of German foreign trade law.
Gazprom said on Friday it no longer owns its German subsidiary, which also includes units stretching from the UK to Singapore via Switzerland – which has left its traditional “neutrality” to condemn Russia.
No major details were disclosed, but records, according to the agency, showed that the deal involved the departure of Gazprom Export Business Services (owner of Gazprom Germania), as well as a company called Joint Stock Company Palmary, a company registered in October. Last year in Moscow, he became a shareholder of Gazprom Export Business Services.
Gazprom’s subsidiaries in Europe are under pressure as customers and business partners refuse to do business with them, raising concerns about their survival and energy supply. For example, the Astora unit of Gazprom Germania operates Germany’s largest gas storage facility in Rehden, a site considered of great importance to Germany’s energy security.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
