Russian President Vladimir Putin has ordered the seizure and sale of shares in joint ventures with Gazprom owned by German company Wintershall Dea and Austrian company OMV. The shares will be sold to Russian owners. This move is part of Putin's exercise of wartime power to sell off Russian shares owned by companies from 'unfriendly countries.' The Austrian oil and gas company OMV is examining the impact of Putin's decree and reserves its rights. This action is a major shift in energy dynamics and could potentially disrupt gas supplies as winter approaches.
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
Putin Seizes Multi-Billion-Dollar OMV And Wintershall Stakes In Russian Ventures https://t.co/Kx4yzNPSo2
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
Russia authorizes sweeping seizure of energy assets from 'unfriendly' European countries https://t.co/pzhF9nsZyD https://t.co/OlTIyZBG7Q
On December 19, Putin ordered the sale of shares in joint ventures with Gazprom owned by the German company Wintershall DEA and the Austrian company OMV. The shares will be sold to Russian owners. The government will later determine what compensation will be paid. (Meduza)
Russia Seizes Wintershall Dea, OMV Stakes in Western Siberia Energy Project. The drumbeat of Putin’s expropriation goes on. And it’s no surprise. Putin made it crystal clear when I was expelled from Russia in 2005 that foreign capital wasn’t welcome https://t.co/RytUIzPNPO
Russian President Vladimir Putin has ordered that Germany's Wintershall Dea and Austria's OMV be stripped of multi-billion-dollar stakes in gas extraction projects in Russia's Arctic https://t.co/9qDjitZvuF https://t.co/VIt6enZBtS
For the first time yet, Putin has exercised his wartime power to sell off Russian shares owned by companies from “unfriendly countries.” By executive order, he’s seizing German and Austrian businesses’ shares in joint ventures with Gazprom. https://t.co/PnlljRWRPd