Russian President Putin has signed decrees granting his government power to confiscate and forcibly sell off energy sector assets owned by Austria's OMV and Germany's Wintershall. This move potentially disrupts gas supplies as winter approaches. OMV and Wintershall are examining the impact and reserving their rights. Russian officials are trying to halt the rouble decline and inflation ahead of Putin’s re-election bid. They have paused the exit of Western companies for over a month to avoid shaking the market. Additionally, Russia will seize control of one of the country’s biggest car dealerships owned by the family of a wealthy Kremlin critic who is now living in exile.
President Vladimir Putin places #Russia’s biggest car dealership under temporary state management, in a step the Kremlin says is driven by commercial logic but which its founder says makes the country look uninvestable. https://t.co/znbvYKKO3Z
Russia will seize control of one of the country’s biggest car dealerships owned by the family of a wealthy Kremlin critic who is now living in exile https://t.co/jsABh9uVjI
🇷🇺🇩🇪🇦🇹 - Russia Seizes Wintershall Dea, OMV Stakes in Western Siberia Energy Project - Wall Street Journal President Vladimir Putin on Tuesday signed a decree under which the state effectively takes hold of Wintershall Dea's 35% stake and OMV's 24.99% interest in… https://t.co/S0M46pedmd
Austrian oil company OMV is “examining the impact” of Vladimir Putin’s orders to seize and sell off its shares in the Yuzhno-Russkoye gas field and reserves, and the Austrian oil and gas company “reserves its rights,” spokespeople said on Wednesday (Meduza).
Russia to seize energy assets from countries deemed “unfriendly” https://t.co/XDdi8Ms3Yd https://t.co/hK3fRYaYVD
Russian officials are trying to halt the rouble decline and swelling inflation ahead of Putin’s re-election bid. To avoid shaking the market, they have paused the exit of Western companies for over a month, the FT learned https://t.co/ajtYRMjFvF
🇪🇺🇷🇺RUSSIA TO SEIZE EUROPEAN ENERGY ASSETS Russia gears up to seize key energy assets from European firms, potentially disrupting gas supplies as winter approaches. Putin signed decrees for state takeover of Austrian and German energy holdings in Russia, a major shift in energy… https://t.co/gI4pHep1dK
Vladimir Putin’s re-election campaign has prompted a fresh drive by Russian officials to curb inflation as disquiet grows over soaring prices and as technocrats move to rein in a weakening rouble. @NastyaStognei and @courtney_ft report: https://t.co/7X3g9FkCD1
After Putin orders the seizure and sale of OMV’s shares in the Yuzhno-Russkoye gas field and reserves, the Austrian oil and gas company says it’s “examining the impact” of Putin’s decree, and it “reserves its rights.” Alrighty then. https://t.co/ytnHyB1vCF
In #Russia, president Putin has signed decrees granting his government power to confiscate and forcibly sell off #energy sector assets owned by #Austria's OMV and #Germany's Wintershall: https://t.co/lPxBcCZrx4