Russian billionaire Mikhail Fridman : ITAR-TASS…
Berlin is set to approve the sale of one of Germany’s largest oil producers to a Russian consortium, in a move that may undercut U.S. and E.U. sanctions aimed at punishing Russia for its role in stoking the conflict in Ukraine.
Reuters cited people familiar with the situation Friday as saying that the Federal Economy Ministry was prepared to wave through a deal under which RWE AG, the country’s second-biggest utility group, would sell its oil and gas-producing subsidiary DEA to the LetterOne (L1) consortium led by the oligarchs Mikhail Fridman and German Khan. (More)
Why is this important?
This is the only company (Germany’s RWE) that can reverse flow fuel to Ukraine and that company is in serious issues financially and Russia is the only one capable of helping them. The west is broke, as we all know…
Therefore, RWE has struck a deal to sell its oil and gas production arm, DEA, to a group of investors led by Russian tycoon Mikhail Fridman and this means…
Russian will buy it (RWE – DEA) and Ukraine has nowhere else to go and besides, the gas being reverse flowed is Russian gas in the first place…
Ukraine just slips deeper and deeper into a hole as you read this. It is another American project gone deadly for the normal people…
Update: The German government has given the green light to the sale of RWE’s oil and gas unit to a Russian-led consortium. Berlin doesn’t expect supply disruptions following the sale, despite tensions with Moscow over Ukraine.(More)
Ouch…
Post by Kyle Keeton
Windows to Russia…