Cold War Relic Threatens Plans to Ditch Russian Oil (Repeat)
A German refinery on the Polish border has deep ties to Russia and closing it risks jet fuel and diesel running dry in Berlin.
Flare and chimney stacks at the PCK Schwedt oil refinery on the horizon in Schwedt, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
This story was originally published on May 18. Today the German government announced it’s seizing Rosneft PJSC’s German unit, including control of a key refinery on the Polish border.
Berlin risks running out of fuel unless German officials can find a way to keep a Cold War relic from falling victim to geopolitics.