Germany NATIONALIZES Russia’s State Energy Giant Gazprom

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Germany on Monday put a government agency in charge of a longtime German subsidiary of Russia’s state-owned energy giant Gazprom, the St. Louis-Post Dispatch reports. It’s hard to imagine how the West comes back from this.

As one of our readers, Greg said, how do investors trust the West after this?

They took charge of the company over the disagreement about accepting rubles as payment for gas.

German officials publicly stated on Thursday that they were considering taking over the company. The Kremlin responded on Friday saying that any such move would be a violation of international law.

Economy Minister Robert Habeck said Germany’s network regulator has been appointed as Gazprom Germania’s trustee until Sept. 30, with the right to dismiss and appoint managers.

“The German government is doing what is necessary to ensure security of supplies in Germany, and that includes not exposing energy infrastructure in Germany to arbitrary decisions by the Kremlin,” Habeck said.

He also said this is a temporary measure.

According to Habeck, Gazprom announced it was withdrawing from Gazprom Germania but didn’t give details on the new owners, which violates German rules on reporting acquisitions.

He said the unit is “of paramount significance” to natural gas trade, transport and storage in Germany and also is active in Switzerland and the Czech Republic.

He said German law calls for his ministry to give permission for acquisitions of critical infrastructure by any non-European Union investor, but it’s unclear who is behind those companies. He also said the buyer ordered Gazprom Germania’s liquidation, which isn’t allowed before a purchase has been approved.


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GuvGeek
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GuvGeek
1 year ago

Europe is a dying society, but Liberals think Europe is what America should aspire to be. Traitor Joe has manuvered America into a position of not being to help Europe and in the Process endangered America’s Nation Security. What does it take to Impeach a Corrupt and Compromised President for Treason?

PanamaPat
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PanamaPat
1 year ago

Russia must bring Olaf and his clowns to heal quickly by cutting off all gas supplies to Germany IMMEDIATELY. Let’s see how long Olaf’s Clown Coalition of dwarfs holds together? One day, one week,one month? Then add other conditionsl ike no more lethal aid to the rump Ukranian Soros Army.

Heads UP
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Heads UP
1 year ago

O/T-Biden’s Executive Order 14030 “U.S. Climate-Related Financial Risk”, administers the use of ESG scores (Environmental, Social, corporate Governance) in the US. This is essentially the same thing as China’s social credit score. Another executive order he signed early last month “Ensuring Responsible Development of Digital Assets” is encouraging the federal reserve to continue its research in developing a CBDC for the US. (H/t-ARN)

Greg
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Greg
1 year ago

The Germans aren’t the most ‘sensible’. Apparently their Nazi past has resurfaced in the support of the “modern” Nazis, so long as a Russia can be the opponent. I guess the Barbarian Tribes of the past cannot be purged.

https://twitter.com/spriter99880/status/1511118350943985676

It Won't End Well
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It Won't End Well
1 year ago

Always applying the patina of law to their gangster moves are these bankster warpig globalist slime.
Bad things happen when there is a global communist coup after two years of gaslighting mass formation psy-op with the COV-LARP.