Germany Scrambles To Take Control Of Russia-Owned Refinery

Germany is considering various ways of keeping the fourth-largest refinery in the country operating as it looks to eliminate oil import dependence on Russia by the end of the year because the refinery that provides 90 percent of the fuel to the capital city Berlin is majority owned by Russia’s Rosneft.

Germany has several options for the Schwedt refinery—54-percent owned by Rosneft—including expropriation. But the German authorities fear retaliation from Russia in case of expropriation, including retaliation consisting of Moscow…