Berlin won’t nationalize seized Gazprom unit – media ...News

Economy by : (Russia Today) -
Chancellor Scholz reportedly overruled the plan to avoid angering President Putin The German government is reportedly planning to provide a loan of €10 billion ($10.4 billion) to rescue the local unit of Russia’s state-owned energy giant Gazprom, which was seized by the country’s energy regulator in April, Bloomberg reports. On Tuesday, the government said in an emailed statement that state-owned bank KfW Group would provide the loan, part of which could eventually be converted into a direct stake under a new form of trusteeship. The exact figure was not provided. Gazprom Germania, a subsidiary of Russian gas majo

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