To shore-up its energy sector, German Federal Government exercises discretionary powers to seize control of Russian-owned Rosneft

Amidst Germany’s ongoing energy crisis, exacerbated by the war in Ukraine and the Russian Federation’s gas supply shutdown, the German Federal Government announced, on 16 September 2022, its decision to put Russian oil giant Rosneft Deutschland GmbH (RDG) and RN Refining & Marketing GmbH (RNRM) under trusteeship.