Germany Seizes Control Of Russian-Owned Refinery

The German government today put the local business of Russian Rosneft under trusteeship, handing control over the Schwedt refinery to the country’s energy market regulator, Reuters reported, citing a government statement. "With the trusteeship, the threat to the security of energy supply is countered and an essential foundation stone is set for the preservation and future of the Schwedt site," Berlin said in the statement. Schwedt is the fourth-largest refinery in Germany, it is 54 percent owned by the Russian state oil giant, and it gets…