Germany Could Nationalize Parts Of Russian Oil And Gas Giants

Germany is considering the idea of nationalizing the German units of Russian oil and gas giants Rosneft and Gazprom over concerns the companies that are systemically important for the German energy market could run into financial troubles, German business daily Handelsblatt reported this week, quoting sources in the government. The German Ministry of Economy is now considering these drastic steps in light of the importance of the German subsidiaries of both companies to the German energy market. Chancellor Olaf Scholz is also involved in the talks…