antjeverena
The EC stated in a press statement on its website that "this action will enable the German state to replace Gazprom, the Russian state-owned corporation with a controlling shareholding, and become a 100% owner of SEFE GmbH."
According to the document, the financial aid distribution complies with the terms of the Treaty on the Functioning of the European Union and is an urgent action given the EU's current economic crisis.
The managing director of the subsuduary stated that the company need €5 billion to replace Russian gas that had not been delivered in August. Due to Gazprom's loss of control over the German infrastructure as of April 1, SEFE now has external management, which was instituted by the German government.
source: dw.de
According to the document, the financial aid distribution complies with the terms of the Treaty on the Functioning of the European Union and is an urgent action given the EU's current economic crisis.
The managing director of the subsuduary stated that the company need €5 billion to replace Russian gas that had not been delivered in August. Due to Gazprom's loss of control over the German infrastructure as of April 1, SEFE now has external management, which was instituted by the German government.
source: dw.de
