Bloomberg: Scholz refused nationalization of Gazprom Germania “so as not to anger Putin” According to the agency, Scholz abandoned the idea of a complete nationalization of Gazprom Germania, fearing the reaction of the Russian president and a possible cessation of Russian gas supplies
German Chancellor Olaf Scholz decided to abandon the idea of completely nationalizing the former German division of Gazprom; Gazprom Germania, because it felt that the nationalization of the company “might anger Russian President Vladimir Putin.” This is reported by Bloomberg, citing informed sources.
According to the agency, Economics Minister Robert Habeck insisted on the complete nationalization of Gazprom Germania, but Scholz was concerned about Putin's reaction and that this step could lead to a cessation of Russian gas supplies.
In addition, Bloomberg sources specified that the German government intends to allocate up to «10 billion for «rescue» former division of Gazprom, which came under Russian sanctions.
“Gazprom” ceased participation in Gazprom Germania and all its assets on 1 April. On May 11, Russia imposed sanctions against Gazprom Germania and a number of companies under its control. A day later, Khabek said that the former subsidiaries of Gazprom no longer receive gas. At the same time, he assured that the market would be able to compensate for the drop in supplies.
President Vladimir Putin signed a decree on retaliatory measures against the sanctions on May 3. The document stated that the measures were introduced in order to protect the national interests of the country and in response to unfriendly and contrary to international law actions of the United States and the states that joined them.
Welt am Sonntag, citing unnamed industry representatives, previously reported that Russian sanctions against Gazprom Germania and its subsidiaries could cost German gas consumers an additional €5 billion a year.
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