Russia’s Gazprom exits German business amid row over pricing

It was not quickly clear how the shift would influence the offer of Russian gas, on which Germany is dependent for about 40% of its desires.

The organization mentioned it experienced terminated its participation in Gazprom Germania and all of its assets, together with Gazprom Internet marketing & Buying and selling. It provided no even more specifics or clarification.

Europe rejected Putin's ultimatum. So why is Russian gas still flowing?

German business day by day Handelsblatt claimed on Thursday that the German economy ministry was contemplating expropriating the Gazprom and Rosneft models in the region amid worries about the safety of power supplies.

The Kremlin explained on Friday that any such go would be a violation of international law.

Gazprom Germania is based in Berlin and its only shareholder is Gazprom Export, a wholly owned subsidiary of Gazprom.

The German entity has subsidiaries like in Switzerland and the Czech Republic.

It lists its primary company parts as storage, trading, and supply of gas as a gas for road transport and transport, with a network of filling stations in Germany and the Czech Republic.

Russian President Vladimir Putin signed a decree on Thursday to impose ruble pricing for fuel on consumers from what Moscow considers unfriendly countries. Germany rejects the modify, and its overall economy minister said on Thursday it would not be “blackmailed by Putin.”