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Germany nationalizes a subsidiary of Russia’s Gazprom to guarantee gas supplies

By: Dr. Franyi Sarmiento, Ph.D., Inspenet, April 6, 2022.
The German government took control of Gazprom Germania to prevent the liquidation of the company and to guarantee security of supply in the gas market. The subsidiary of the Russian gas company owns gas storage assets in Europe and has important supply contracts with German industry. The European Commission will propose to ban coal imports from Russia.

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