Germany seizes control of 3 Russian-owned oil refineries ahead of looming EU deadline

An oil subsidiary in Germany previously controlled by a Russian oil giant is now under the control of the German government, it announced Friday. The German government said it took control of Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, two companies owned up until now by multinational oil and gas company Rosneft. The government said the move would ensure continued oil production as the international community looks to cut its oil dependence on Russia.-- More...