Business | On the offensive

Germany’s government seizes Russian energy assets

What will it do with them?

SCHWEDT, GERMANY - JUNE 29: People, including workers from the nearby PCK oil refinery, gather to demand an end to the current, planned German embargo against the import of Russian oil on June 29, 2022 in Schwedt, Germany. Schwedt relies heavily on the jobs at the PCK refinery, and many worry for their economic future since the refinery receives its crude oil exclusively from Russia via the "Friendship" ("Druzhba") pipeline. Germany plans to end its imports of Russian oil within the near future due to Russia's ongoing war in Ukraine and is also seeking to possibly nationalize the refinery, which is currently majority-owned by Russian energy company Rosneft. (Photo by Omer Messinger/Getty Images)
|SCHWEDT

After a hot and dry summer, the rain and chill in September brought some relief to parched Germans—but also a reminder of the looming winter. On September 16th Klaus Müller, boss of the Bundesnetzagentur (bna), Germany’s energy regulator, admitted that if it gets very cold “we will have a problem”. He could not rule out the rationing of natural gas, which Germany’s biggest supplier, Russia, has withheld as part of its war in Ukraine.

This article appeared in the Business section of the print edition under the headline “On the offensive”

Should Europe worry?

From the September 24th 2022 edition

Discover stories from this section and more in the list of contents

Explore the edition

Discover more

Elon Musk looks on during a conference.

Elon Musk’s xAI goes after OpenAI

The fight is turning nasty

A man waitiing for the lift, which is full of people.

How to behave in lifts: an office guide

Life in an elevator



Gautam Adani faces bribery charges in America

Prosecutors allege one of India’s richest men paid off local officials

Nvidia’s boss dismisses fears that AI has hit a wall

But it’s “urgent” to get to the next level, Jensen Huang tells The Economist

Does Dallas offer a vision of America’s future?

The Texan city embodies the allure of small government