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Russian oil giant Rosneft PJSC said it was illegal for the German government to confiscate its subsidiaries in Germany this week and that it would consider taking all measures to protect asset ownership
.
It declared that what the German Government was doing was illegal
.
Therefore, it is ready to take the German government to court
.
The German government took control of Rosneft's assets inside Germany, including three refineries, as Berlin began to take full control of its energy sector to secure supplies and cut off decades of deep dependence on
Moscow.
Rosneft said the move amounted to the confiscation of equity assets
that had invested 4.
6 billion euros ($4.
6 billion) in refining capacity, according to a company statement late Friday.
The Russian company said it would "consider all possible measures to protect its shareholders, including taking legal action
.
" Prime Minister Olaf Scholz's government pulled the trigger after months of negotiations after taking the action to ensure it would stop buying Russian crude by the year's threat
of oil cuts.
Despite the seizure of assets, Rosneft said it was "ready to discuss the possibility of a new contract, provided that a guarantee
is provided for payment for the supplied raw materials.
" ”