German court approves support for transfer of Rosneft assets under external management

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Germany’s Federal Administrative Court in Leipzig rejected Rosneft’s claim against the German government and confirmed that its refinery was transferred to foreign management. TASS.

The German government thus took control of the shares of three oil refineries: PCK in Schwedt, Miro in Karlsruhe and Bayernoil in Vogburg.

Before the German court in Leipzig to resist The decision to transfer Rosneft assets to external management on March 14.

Rosneft is trying to challenge the German government’s decision to transfer its subsidiary, Rosneft Deutschland, to regulator’s control. From Rosneft’s perspective, the transfer “has no legal basis” as the company continues to fulfill all its obligations regardless of the political situation.

The US Department of Justice says US authorities have received a court order to arrest a Boeing 737-7JU plane worth more than $25 million owned by the Russian company Rosneft.

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