Germany on Monday appointed a German trustee to oversee Gazprom Germania, the German subsidiary of Russian oil giant Gazprom, calling it a "transitory solution" to Gazprom's legally dubious attempt to dispose of its German shareholdings, Politico reports. The trusteeship will stay in place until Sept. 30, German Economy Minister Robert Habeck said.
"The government is doing what is necessary to ensure security of supply in Germany — this includes not exposing energy infrastructures in Germany to arbitrary decisions by the Kremlin," Habeck said. "It was not announced who will be the new economic and legal owner of these holdings. This is in itself a violation of the notification requirement under the foreign trade and payments ordinance."
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