Gazprom Berlin temporarily takes over the management of the German

Gazprom, Berlin temporarily takes over the management of the German branch to ensure the gas supply

The German government takes control Gazprom Germany, which at least temporarily owns the Wingas dealer in the country. The Economy Minister Robert Habeck announced that the Federal Network Agency will be appointed trustee of the German branch of the Russian company. Only on Friday, April 1, did the owner Gazprom announce the end of the participation in the German subsidiary. Habeck clarified that this was an interim solution. “The trust serves to protect public safety and maintain security of supply,” which is currently guaranteed, he said. The step is “absolutely necessary”. Today Berlin agreed that it is currently “not possible” to stop importing gas from Russia. “We have to break off all economic relations with Russia, but at the moment it is not possible to cut off energy supplies, we need some time,” said the German finance minister. Christian Lindner.

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Gazprom’s European branches are under pressure because customers and business partners refuse to do business with them, and the government’s intervention is intended to secure their operations. the sosieta Astora from Gazprom Germany operates Germany’s largest gas storage facility in the northern German city deer, in the state of Lower Saxony. The location is considered essential to the country’s energy security. Gazprom Germany had a number of subsidiaries, including the London trading division and units in Singapore, Switzerland, France and the United States. However, the assets would have been transferred from the Russian stateowned gas giant to a named company Palmary Public Company, which recently became a shareholder of Gazprom Export Business Services LLC. However, it is unclear who the actual owner of Palmary is: the company was registered at an address in Moscow in October and has been its managing director since March 30 Dmitri Zeplyaev. The German ministerHabeck said the Russian gas giant had left the German branch without obtaining government approval, in violation of German foreign trade law.

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