Russian energy giant Gazprom said on Friday it was exiting its business in Germany, amid a dispute between the two countries over Moscow's insistence on switching payments for Russian gas to rubles from euros. It was not immediately clear how the move would affect the supply of Russian gas, on which Germany depends for about 40% of its needs. The company said it had terminated its participation in Gazprom Germania and all of its assets, including Gazprom Marketing & Trading. German business daily Handelsblatt reported on Thursday that the German economy ministry was considering expropriating the Gazprom and Rosneft units in the country amid concerns about the security of energy supplies. The Kremlin said on Friday that any such move would be a violation of international lawRead More

Source: CNN April 02, 2022 01:00 UTC