BERLIN, March 31 (Reuters) – The German financial system ministry is contemplating expropriation of Gazprom (GAZP.MM) and Rosneft (ROSN.MM) items within the nation amid considerations about safety of vitality provide, enterprise each day Handelsblatt reported on Thursday, citing authorities sources.
The discussions between high ministry officers and Chancellor Olaf Scholz goal to forestall large energy cuts if both of those corporations, that are systemically essential for Germany, will get into difficulties, the newspaper reported.
Each corporations are irreplaceable on the German vitality market with Gazprom Germania working massive gasoline storage amenities and Rosneft Deutschland being a key participant within the petrol, diesel and kerosene refinery markets, Handelsblatt reported.
On the identical time, the businesses danger a “technical chapter” as banks and enterprise companions have been distancing themselves from corporations with Russian homeowners since Western sanctions towards Russia got here into power, Handelsblatt stated.
Gazprom Germania, Rosneft Deutschland and the German financial system ministry couldn’t be instantly reached for remark.
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Reporting by Zuzanna Szymanska; Modifying by Sandra Maler
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