German Oil Refinery Sounds Alarm Over U.S. Sanctions Risk
Market Intelligence Analysis
AI-PoweredThe PCK Schwedt refinery, majority-owned by Russia's Rosneft, is warning the German government that US sanctions are impacting its operations and threatening fuel supplies for Berlin and eastern Germany.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
Germany’s uneasy energy truce with Washington is starting to fray, and the pressure point is a single refinery that keeps Berlin moving. Managers at the PCK Schwedt refinery, majority-owned by Russia’s Rosneft (54.17%), have privately warned the German government that U.S. sanctions are already choking day-to-day operations and could threaten fuel supplies for Berlin and eastern Germany. In a January letter to economy and energy minister Katherina Reiche, refinery management made what they described as an urgent appeal to resolve the…
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