Berlin Plans to nationalize German subsidiaries of Russian energy companies are approved in the coalition. “The situation is serious and requires exceptional measures,” said Bernd Westphal, economic policy spokesman for the SPD (Handelsblatt) parliamentary group.
The government has to do everything to organize a stable supply of the country. “Article 14 of the Basic Law gives us in Parliament the framework to create the legal basis for the necessary actions,” Westphal said. If the use of the property is no longer in the public interest, the expropriation should also be examined with compensation.
The politician from the Social Democratic Party was alluding to the accusation of Gazprom Germania, the German branch of the Russian Gazprom-Group, Misuse of gas holders; The level of storage is kept artificially low in order to further exacerbate the strained supply situation, so the accusation goes.
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