Oil company – defeat for Rosneft – economy

The federal government has achieved success in the legal dispute with the Russian oil company Rosneft over the oil refinery in Schwedt in eastern Germany. The Federal Administrative Court in Leipzig on Tuesday rejected a lawsuit brought by the oil company against the refinery’s trusteeship. In September 2022, Germany placed the oil processor, which supplies the east of Germany and especially Berlin with petrol, under the trusteeship of the Federal Network Agency and justified this with securing the energy supply. Rosneft supplied the refinery with Russian oil until the import ban and still holds 54 percent of the shares. With the embargo on Russian oil since the beginning of the year, this business model has been dropped. The Rosneft shares are under trust, but legally still belong to the Russian company.

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