Scholz is afraid to anger Putin, therefore he opposes the nationalization of a subsidiary of Gazprom - Bloomberg

15 June 2022, 09:27 | Economy
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In Germany, they changed their mind about nationalizing a subsidiary of the Russian gas monopolist Gazprom. The initiative is personally opposed by Chancellor Olaf Scholz, who fears that this may negatively affect his relations with Vladimir Putin and, accordingly, the Kremlin's policy on gas exports to Germany. Bloomberg writes about it..

According to the publication, instead of nationalization, the German government is going to save the financial situation of Gazprom Germania by allocating about 10 billion euros. The government loan is supposed to stabilize the company's finances and guarantee uninterrupted gas supplies after Russia cut them off..

According to Scholz and his supporters, this approach will help keep the government in control of this part of critical infrastructure and avoid threats to energy security.. The nationalization of Gazprom Germania, advocated by Economics Minister Robert Gabek, according to the chancellor, could create tension in relations between the countries and “piss off” Putin.

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Recall that after the Russian invasion of Ukraine in February, Gazprom renounced the ownership of Gazprom Germania and transferred it to a little-known company in order to avoid Western sanctions..

At the end of March, the German government announced that it was taking control of the trader until September 30, with the subsequent possibility of its full nationalization..

According to Bloomberg, Germany is currently considering an option to extend the term of " The company is also expected to change its name..

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Earlier it was reported that Scholz made another promise to Ukraine on the supply of military assistance, still not providing a single piece of heavy weapons..




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