Grand theft refinery!
Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin strives to shore up energy supplies and meet its European Union commitment to eliminate Russian oil imports by the end of the year.
The economy ministry said it was putting a unit of Russian oil firm Rosneft under the trusteeship of the industry regulator and taking over the business’ Schwedt refinery, which supplies 90% of Berlin’s fuel.
“This is a far-reaching energy policy decision to protect our country,” Chancellor Olaf Scholz told a news conference to present the government’s plans to put the Schwedt refinery under the control of the Federal Network Agency regulator.
The plans included a “package for the future” with more than 1 billion euros ($996.10 million) in federal and state government investments over several years in eastern German states, with 825 million euros earmarked for Schwedt alone.
“Russia, we have known for some time, is no longer a reliable energy supplier,” Scholz said. “We did not take this decision lightly, but it was unavoidable.”
Governments across Europe have been racing to prop up their power providers and secure fuel deliveries as they ratchet up sanctions on major supplier Russia over its invasion of Ukraine.
Moscow has retaliated by reducing gas flows and has threatened to shut off all the taps, sending prices soaring and raising the prospect of energy rationing in Europe this winter.
The Schwedt refinery has posed a dilemma for Berlin for several weeks, as it has received all of its crude from Russia, but Germany is resolved to eliminate imports of oil from Russia by the end of the year under European Union sanctions.
If you steal their refinery, why would Russia not just cut your energy off?
If I was the Russians, I would consider this an act of war and act accordingly.
Whatever happened to the so-called “sanctity of property rights” that they had been so tirelessly proselytising the Global South with? 😂
— Kαй 𓈎𓄿𓇋 𒅗𒄿 𔗧𔓯 كاي 𑀔𑁃 (@KaiC25423461) September 16, 2022
Until there’s no more strings to pull
— blindpig1966 (@blindpig1966) September 16, 2022
Rules based order.
— Mark in Stafford (@StuckupMark) September 16, 2022
Germany just shot its foot AGAIN.
Seizing a refinery is like seizing the Gas Pipeline🤣
Good luck to Germany with “empty” refinery and gas pipeline. pic.twitter.com/sykF1ZR988
— Shank Hu 胡欣元 (@ShankHu15) September 16, 2022