Germany Seizes Rosneft Refineries, But Doesn’t Solve Its Oil Problem

After taking over a Gazprom subsidiary earlier this year, Germany has now assumed control of Russian Rosneft refining assets in the country in a bid at securing energy independence just over three months before an EU ban on Russian oil goes into effect.  Now, with Russia’s oil refinery assets in Germany out of Moscow’s hands, a final question lingers: Where will Germany get non-Russian oil to run key refineries? Over the weekend, Germany moved to seize the local unit of Russian oil major Rosneft PJSC, including three oil refineries…